The Analyst Verdict: Nordstrom In The Eyes Of 9 Experts
Portfolio Pulse from Benzinga Insights
Nordstrom (NYSE:JWN) received mixed ratings from 9 analysts, with a consensus 12-month price target of $17.78, reflecting a 10.37% increase from the previous target. The ratings range from 'Hold' to 'Underweight', with adjustments made by analysts from firms like Jefferies, Goldman Sachs, and Citigroup. Despite a -6.37% revenue decline and a high debt-to-equity ratio, Nordstrom's net margin and ROE outperform industry benchmarks, indicating efficient cost management and strong financial health.
March 07, 2024 | 7:00 pm
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NEUTRAL IMPACT
Nordstrom's mixed analyst ratings and revised 12-month price target suggest cautious optimism. Despite revenue decline and high debt, strong net margin and ROE indicate resilience.
The mixed analyst ratings reflect uncertainty, but the increase in the average price target suggests a cautious optimism about Nordstrom's future performance. The company's financial health, indicated by its net margin and ROE, supports this view despite the challenges posed by its revenue decline and high debt levels. The impact on the stock price in the short term is likely to be neutral as the market digests these mixed signals.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100