Morgan Stanley Maintains Underweight on Nordstrom, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Kimberly Greenberger has maintained an Underweight rating on Nordstrom (NYSE:JWN) and lowered the price target from $16 to $15.
August 29, 2023 | 1:11 pm
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NEGATIVE IMPACT
Morgan Stanley has maintained an Underweight rating on Nordstrom and lowered the price target from $16 to $15.
The lowered price target by Morgan Stanley indicates a bearish outlook for Nordstrom. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100