JP Morgan Maintains Underweight on Nordstrom, Raises Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Matthew Boss maintains an Underweight rating on Nordstrom (NYSE:JWN) but raises the price target from $15 to $17.
May 17, 2024 | 3:53 pm
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NEUTRAL IMPACT
JP Morgan analyst Matthew Boss maintains an Underweight rating on Nordstrom but raises the price target from $15 to $17.
The Underweight rating suggests a bearish outlook, but the raised price target indicates some positive expectations. The mixed signals likely result in a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100