Evercore ISI Group Initiates Coverage On Nordstrom with In-Line Rating, Announces Price Target of $14
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Michael Binetti has initiated coverage on Nordstrom (NYSE:JWN) with an In-Line rating and a price target of $14.
November 07, 2023 | 9:43 am
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Nordstrom has been given an In-Line rating by Evercore ISI Group, with a price target of $14.
The initiation of coverage by Evercore ISI Group with an In-Line rating suggests that the analyst believes Nordstrom's stock will perform approximately as well as other stocks in its sector. The price target of $14 indicates where the analyst believes the stock price will be in the future. This news could influence investors' decisions, but it's not guaranteed to significantly move the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100