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JPMorgan lowered Macy's price target, but the company beat earnings estimates, reporting $1.80 per share.
JPMorgan Chase & Co. lowered Macy's Inc.'s price target from $14 to $13, maintaining a "neutral" rating.
Despite this, Macy's beat earnings estimates, reporting $1.80 per share against the expected $1.55.
The company has a consensus rating of "Hold" and an average price target of $15.20.
Recent stock sales by top executives also highlight ongoing market scrutiny.
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JPMorgan redujo el objetivo de precios de Macy, pero la compañía superó las estimaciones de ganancias, reportando $1.80 por acción.