What exactly did Citigroup change for Macy's on Feb 18, 2026?

Citigroup maintained a **Neutral** rating for Macy's on **February 18, 2026** and added an 'upside 30-day catalyst watch'. No new M price target was published and the firm's stance stayed cautious.

How should investors interpret the M analyst rating from Citi?

A maintained Neutral means Citi advises no new conviction to buy or sell. The catalyst watch signals possible short-term upside tied to events, but long-term investors should rely on fundamentals and sector comparisons.

Did the Citi note include a price target or trigger a stock re-rating?

No. The Citi note did not include an explicit M price target and it did not upgrade or downgrade Macy's. The firm kept the Neutral rating while watching for near-term catalysts.

Where can I read the Citigroup note summary on this update?

The summary of Citi’s action is available via TheFly, which reported the 'upside 30-day catalyst watch' item on **February 18, 2026** [source](https://thefly.com/permalinks/entry.php/id4295236/5362286394/M-Citi-adds-upside-day-catalyst-watch-on-Macys-into-earnings).

Analyst Ratings

Citigroup Maintains Neutral on M Macy’s, Inc. Feb 18, 2026

ByDanny Kontos February 19, 2026February 19, 2026

Citigroup on February 18, 2026 maintained a Neutral rating on Macy’s, Inc. (M) and added an “upside 30-day catalyst watch” into the company’s upcoming earnings. This M analyst rating signals cautious optimism as Citi looks for short-term catalysts ahead of results. The note did not include a new price target. The stock moved 0.69% ($0.16) on the note and Macy’s market capitalization stands at $6,054,155,887.