Avery Schumer
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Avery Schumer in Insider trading,

This Analyst Upgraded Macy's To Buy After Sharp Downside

Shares of Macy's, Inc.  have been plummeting recently. The shares  lost more than 36 percent over the past three months.

After this sharp decline, Northcoast Research’s Managing Director Jeff Stein decided to upgrade his rating on the stock from Neutral to Buy.

Betting on management, the expert set a $53 price target, which implies an upside of almost 30 percent from current stock prices.