Atlantic Equities Downgrades Macy's To Neutral

Analysts at Atlantic Equities downgraded Macy's (NYSE: M) from Overweight to Neutral.

The price target for Macy's has been raised from $62 to $68.

Macy's shares have surged 18.89% over the past 52 weeks, while the S&P 500 index has gained 14.30% in the same period.

Macy's shares fell 1.27% to close at $61.56 yesterday.