Macy's: Growth Is Likely To Inflect Moving Forward (Rating Upgrade)

Rating and Investment Approach - The analyst initially gave a hold rating to Macy's Inc in September due to lack of visibility on positive growth inflection and near-term uncertainties [1] - The analyst's investment approach combines value investing principles with a focus on long-term growth, aiming to buy quality companies at a discount to their intrinsic value and hold them for long-term compounding of earnings and shareholder returns [1]