Telsey Advisory Group analyst Dana Telsey reiterated a Market Perform rating on Nordstrom Inc (NYSE:JWN) with a price target of $21. The 2023 Anniversary Sale, running for 21 days, is expected to negatively impact Q2 sales but boost Q3 sales by approximately 200 basis points. New brands have been added to the sale, and despite consumer pressure, the company's customer-focused changes are expected to drive traffic and topline.