Macy's Faces Uncertainty, Store Closures And Lower Guidance Loom: Analyst

J.P. Morgan analyst Matthew R. Boss downgraded Macy's Inc. (NYSE: M) to Neutral, lowering the price target from $19 to $14. Despite a strong Q4 performance, the company's FY25 outlook sees a decline in same-store sales and an uncertain macroeconomic environment, prompting long-term risks with increased store closures and reduced growth expectations.