NEW YORK (TheStreet) -- Barclays raised its price target onMacy's (M) - Get Report stock to $36 from $30 on Wednesday. The firm maintained its "underweight" rating on the stock. 

Earlier this week, the Cincinnati-based retailer reported better-than-expected 2015 fourth quarter results. 

The company's fourth quarter "reflected upside from unforeseen expense savings and asset sale gains, while top-line and margin pressure continued to point to challenging fundamentals," Barclays said. The firm expects that trend to continue during 2016.  

However, Barclays expects comparative sales to decline 1.5% to 2% during 2016 due to headwinds such as reduced tourism. Additionally, Macy's may struggle to pursue new growth initiatives, the firm added.

Macy's stock is down 2.06% to $41.45 in pre-market trading on Wednesday.

Separately, TheStreet Ratings Team has a "Hold" rating with a score of C on the stock. The company's strengths can be seen in multiple areas, such as its notable return on equity, reasonable valuation levels and expanding profit margins. As a counter to these strengths, the team also finds weaknesses including deteriorating net income, generally higher debt management risk and weak operating cash flow.

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You can view the full analysis from the report here: M

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