B of A Securities Maintains Underperform on Nordstrom, Raises Price Target to $20
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 $18 to $20.
August 28, 2024 | 12:33 pm
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B of A Securities maintains an Underperform rating on Nordstrom but raises the price target from $18 to $20, indicating a slightly more positive outlook.
The Underperform rating suggests a negative outlook, but the raised price target from $18 to $20 indicates a slightly improved view on Nordstrom's potential. This mixed signal may not significantly impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100