Citigroup Maintains Neutral on Nordstrom, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Paul Lejuez maintains a Neutral rating on Nordstrom (JWN) and lowers the price target from $21 to $20.
March 06, 2024 | 11:42 am
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NEGATIVE IMPACT
Citigroup maintains a Neutral rating on Nordstrom and lowers the price target from $21 to $20.
The reduction in price target by Citigroup, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in Nordstrom's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100