Citigroup Maintains Neutral Rating for Nordstrom: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Citigroup has maintained its Neutral rating for Nordstrom (NYSE:JWN) but lowered its price target from $20.00 to $18.00. Nordstrom's shares are currently trading down 9.52% at $15.22 per share. A move to $18.00 would represent an 18.28% increase from the current share price.
August 25, 2023 | 5:01 pm
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Citigroup has maintained its Neutral rating for Nordstrom but lowered its price target. This could potentially impact Nordstrom's stock price.
The lowering of the price target by Citigroup, a major financial institution, could potentially lead to a decrease in Nordstrom's stock price. Investors may interpret this as a lack of confidence in the company's future performance, which could put downward pressure on the stock.
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