Why Macy’s Stock Is Rated a ‘Hold’ by Most Analysts
Do Macy’s Investors Expect a Better Second Half of the Year? As of September 22, Macy’s (M) stock was rated a “hold” by 12 of the 19 analysts (or 63%) covering the department store chain. On September 4, Goldman Sachs initiated coverage of Macy’s stock with a “sell” rating, reflecting its pessimism about the company’s turnaround plans.