
Deutsche Bank Is Bullish on Macy's Ahead of Thursday's Earnings
Macy's stock was rising premarket.
Analysts at Deutsche Bank are impressed with the changes Macy's Inc. (M) - Get Report has made in recent months, lifting the company's price target to $25 per share from $24 per share.
Deutsche Bank is pleased with the company's efforts to streamline its operations and reduce costs. Macy's announced earlier this year that it was closing 68 stores, eliminating about 10,000 jobs.
Macy's is scheduled to report its second quarter earnings on Thursday.
Macy's shares were up 1.2% to $23.84 in premarket trading Tuesday.
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