Where is Macy's Inc. (M) Headed According to Wall Street?

Macy’s Inc. (NYSE:M) is one of the most undervalued retail stocks to invest in. On September 18, Morgan Stanley raised the firm’s price target on Macy’s Inc. (NYSE:M) to $16 from $12 while keeping an Equal Weight rating on the shares.

The firm told investors that it updated its models for the company and several other retailers after their Q2 earnings.

However, in a report released on September 4, Michael Binetti from Evercore ISI maintained a Hold rating on Macy’s Inc. (NYSE:M) and set a price target of $14.00.

The same day, Telsey Advisory analyst Dana Telsey raised the firm’s price target on the stock to $17 from $14 while maintaining a Market Perform rating on the shares.

Macy’s Inc. (NYSE:M) is an omnichannel retail store that manages three brands: Macy’s, Bloomingdale’s, and Bluemercury.

These brands sell a variety of merchandise, including accessories, apparel, consumer goods, home furnishings, and more. The company operates stores in 43 US states, the District of Columbia, Guam, and Puerto Rico.

While we acknowledge the potential of M as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.