10:25 AM EDT, 09/03/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month price target by $4 to $17, based on 8.1x our FY 27 (Jan.) EPS estimate and above the company's five-year average forward P/E multiple of 7x, reflecting improving fundamentals and in our opinion the right move to rightsize its store fleet. We maintain our FY 26 and FY 27 EPS estimates of $2.00 and $2.10 respectively. M delivered its strongest comparable sales performance in 12 quarters, with positive growth across all three nameplates driving results above guidance. Total sales of $5B declined 1.9% Y/Y, primarily reflecting the impact of store closures that contributed approximately $170M in the prior year period. However, comparable sales increased 0.8% on an owned basis and 1.9% on an owned-plus-licensed-plus-marketplace basis, marking an improvement in underlying business trends. We maintain our opinion and raise our price target to reflect the improving fundamental trends. We do not see enough upside potential to upgrade our opinion as shares trade above their historical averages.