Keybanc Maintains Overweight on Nordstrom, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Noah Zatzkin has maintained an Overweight rating on Nordstrom (NYSE:JWN) but lowered the price target from $22 to $19.
October 25, 2023 | 9:26 am
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Nordstrom's price target has been lowered from $22 to $19 by Keybanc, though the Overweight rating is maintained.
The lowering of the price target by Keybanc indicates a potential decrease in Nordstrom's stock value in the short term. However, the maintained Overweight rating suggests that the stock is still expected to outperform.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100