Barclays Initiates Macy's With Underweight

Analysts at Barclays initiated coverage on Macy's, Inc. M with a Underweight rating. The target price for Macy's is set to $55. Macy's shares have climbed 21.02% over the past 52 weeks, while the S&P 500 index has surged 13.92% in the same period. Macy's shares dropped 0.53% to close at $64.32 on Friday.