Piper Sandler Maintains Neutral on Nordstrom, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Edward Yruma has maintained a Neutral rating on Nordstrom (NYSE:JWN) but has reduced the price target from $20 to $17.
November 22, 2023 | 5:45 pm
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NEGATIVE IMPACT
Piper Sandler has maintained a Neutral rating on Nordstrom but lowered the price target from $20 to $17, indicating a potential downside or limited upside.
The reduction in price target by Piper Sandler suggests that the analyst sees less potential for stock price appreciation. This could lead to a negative sentiment among investors and potentially cause a short-term decline in Nordstrom's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100