From Yahoo Finance: 2025-05-29 15:30:00

Telsey Advisory lowered Macy’s, Inc. (NYSE:M) price target to $14 from $15 on May 29, maintaining a “Market Perform” rating. The company’s Q1 2025 EPS exceeded expectations, with net sales of $4.6 billion. Macy’s revised its annual outlook due to current tariffs and a competitive promotional landscape.

The firm anticipates a tariff impact of ~20 bps – 40 bps on Macy’s annual gross margin. For FY 2025, adjusted EBITDA as a percent of total revenue is expected to be 7.4% to 7.9%, with adjusted diluted EPS range reduced to $1.60 – $2.00. Macy’s faces challenges in sales growth amidst a competitive promotional environment.

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Read more: Telsey Advisory Lowers PT on Macy’s (M) to $14, Maintains Market Perform Rating