Jefferies Downgrades Nordstrom to Hold, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Ashley Helgans downgraded Nordstrom (JWN) from Buy to Hold and reduced the price target from $18 to $17.
March 07, 2024 | 10:00 am
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Jefferies analyst Ashley Helgans downgraded Nordstrom from Buy to Hold and lowered the price target from $18 to $17.
The downgrade from Buy to Hold by a prominent analyst, along with a reduction in price target, typically signals a less optimistic outlook on the stock's future performance. This can lead to decreased investor confidence and potentially lower stock prices in the short term.
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