JP Morgan Maintains Underweight on Nordstrom, Raises Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Matthew Boss maintains an Underweight rating on Nordstrom (NYSE:JWN) but raises the price target from $19 to $20.
August 28, 2024 | 6:58 pm
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NEUTRAL IMPACT
JP Morgan's analyst maintains an Underweight rating on Nordstrom but slightly raises the price target from $19 to $20, indicating a cautious outlook with a minor positive adjustment.
The Underweight rating suggests a cautious stance on Nordstrom's stock, indicating that the analyst expects it to underperform relative to the market. However, the slight increase in the price target from $19 to $20 suggests a minor positive adjustment in expectations. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100