Telsey Advisory Group Maintains Market Perform on Nordstrom, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
Telsey Advisory Group analyst Dana Telsey has maintained a Market Perform rating on Nordstrom (NYSE:JWN) but has lowered the price target from $19 to $17.
November 22, 2023 | 10:11 am
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Nordstrom's price target has been reduced from $19 to $17 by Telsey Advisory Group, although the Market Perform rating remains unchanged.
A lowered price target can often be interpreted as a negative signal, suggesting that the analyst sees less upside potential for the stock. While the rating remains the same, the reduction in price target may lead to short-term bearish sentiment among investors.
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