Analysts fell to the sidelines weighing in on Macy’s Inc (M) and Blue Apron Holdings Inc (APRN) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.
Macy’s Inc (M)
In a report released today, Paul Trussell from Deutsche Bank maintained a Hold rating on Macy’s Inc, with a price target of $38. The company’s shares closed yesterday at $33.22.
According to TipRanks.com, Trussell is a 4-star analyst with an average return of 4.0% and a 58.8% success rate. Trussell covers the Services sector, focusing on stocks such as United Natural Foods, Wal-Mart Stores Inc, and Burlington Stores.
Macy’s Inc has an analyst consensus of Moderate Sell, with a price target consensus of $35.40.
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Blue Apron Holdings Inc (APRN)
In a report released today, Ross Sandler from Barclays maintained a Hold rating on Blue Apron Holdings Inc, with a price target of $1.30. The company’s shares closed yesterday at $1.17, close to its 52-week low of $1.02.
According to TipRanks.com, Sandler is a 4-star analyst with an average return of 5.3% and a 55.9% success rate. Sandler covers the Technology sector, focusing on stocks such as IAC/InterActiveCorp, Match Group Inc, and Alphabet Inc.
Currently, the analyst consensus on Blue Apron Holdings Inc is a Hold with an average price target of $1.30, implying an 11.1% upside from current levels. In a report issued on November 13, Oppenheimer also assigned a Hold rating to the stock.
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