Macy's Is Now a Choice Buy With 34% Upside, Says Noted Analyst
Macy's (NYSE: M) stock is hardly the stocking stuffer of choice for many investors this holiday season. Yet one prominent analyst published a contrary opinion, tagging the troubled retailer as a clear and compelling buy.
On Friday, Jefferies (NYSE: JEF) prognosticator Randal Konik issued a new research note on the stock in which he substantially raised his price target from $9 to $14 per share in addition to bumping that recommendation from his previous neutral.
Image source: Macy's.
Source Fool.com
