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.

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Source Fool.com