What Happened?
Shares of department store chain Macy’s (NYSE: M) jumped 3.9% in the morning session after an analyst at TD Cowen raised the price target on the stock.
The analyst maintained a "Buy" rating while increasing the price target to $25 from $20. This move suggests increased confidence in the company's future performance and implies a potential upside from its current trading price. Such analyst actions can positively influence investor sentiment and contribute to a stock's upward movement.
After the initial pop, the shares cooled down to $24.87, up 3.8% from the previous close.
Is now the time to buy Macy's? Access our full analysis report here, it’s free.
What Is The Market Telling Us
Macy’s shares are very volatile and have had 20 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The previous big move we wrote about was 13 days ago when the stock gained 6.8% on the news that President Trump reversed course on a military escalation against Iran that wiped $1.2 trillion from the market earlier in the day.
The session opened under heavy pressure after Trump posted on Truth Social that the U.S. would attack Iran "VERY HARD TONIGHT" and threatened to seize the country's oil assets. Then, around midday, he posted again cancelling the planned strikes. His statement said discussions had been brought to "the highest level of Iranian leadership" and that final points of a peace deal had been "approved by all parties involved," citing thirteen countries including the U.S., Israel, Saudi Arabia, UAE, and Qatar. A signing date would be "announced shortly."
The market moved the moment the post landed. The S&P 500 jumped 1.4%, the Dow surged, and the Nasdaq gained 1.8%. Oil fell more than 3%. The 10-year Treasury yield eased from 4.55% to 4.47%. The read-through is simple: lower oil means lower inflation means less pressure on the Fed to hike. Iran's disruption of the Strait of Hormuz was the single largest driver of the 4.2% annual inflation print reported earlier in the week as energy alone accounted for more than 60% of May's monthly CPI increase. A ceasefire that reopens the Strait unwinds that pressure immediately, potentially taking the December rate hike that markets were fully pricing in off the table.
Macy's is up 9.3% since the beginning of the year, and at $24.87 per share, it is trading close to its 52-week high of $25.04 from June 2026. Investors who bought $1,000 worth of Macy’s shares 5 years ago would now be looking at an investment worth $1,279.
ONE MORE THING: 3 Hidden Platforms Growing 3X Faster than Amazon, Google, and PayPal. Amazon, Google, and Meta all followed the same playbook: Dominate an ignored market. Build an unbeatable moat. Scale until you’re unstoppable.
These three platforms are running that exact playbook right now. The early investors in Amazon made fortunes. The early investors in these could do the same. Get All 3 Stocks Here for FREE.
