B of A Securities Maintains Underperform on Nordstrom, Raises Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Lorraine Hutchinson maintains an Underperform rating on Nordstrom (NYSE:JWN) but raises the price target from $15 to $18.
May 31, 2024 | 10:56 am
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NEUTRAL IMPACT
B of A Securities has maintained an Underperform rating on Nordstrom but raised the price target from $15 to $18. This suggests a slightly improved outlook but still indicates caution.
The Underperform rating suggests that the analyst expects Nordstrom to underperform relative to the market. However, the raised price target indicates a slightly improved outlook. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100