Citigroup Maintains Neutral on Nordstrom, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Paul Lejuez maintains a Neutral rating on Nordstrom (NYSE:JWN) and lowers the price target from $20 to $17.
May 25, 2023 | 10:37 am
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Citigroup analyst Paul Lejuez maintains a Neutral rating on Nordstrom and lowers the price target from $20 to $17.
The lowered price target from Citigroup analyst Paul Lejuez indicates a potential decrease in Nordstrom's stock price in the short term. As the price target is reduced from $20 to $17, investors may adjust their expectations, leading to a negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100