B of A Securities Maintains Underperform on Nordstrom, Lowers Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Lorraine Hutchinson has maintained an 'Underperform' rating on Nordstrom (NYSE:JWN) and lowered the price target from $14 to $13.
September 26, 2023 | 2:29 pm
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Nordstrom's price target has been lowered from $14 to $13 by B of A Securities, maintaining an 'Underperform' rating.
The lowering of the price target by B of A Securities indicates a negative outlook for Nordstrom. This, coupled with the maintained 'Underperform' rating, suggests that the analyst believes the stock will underperform the market, which could negatively impact the stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100