Barclays Upgrades Nordstrom to Equal-Weight, Raises Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Paul Kearney has upgraded Nordstrom (NYSE:JWN) from Underweight to Equal-Weight and increased the price target from $18 to $23.
September 05, 2024 | 12:09 pm
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POSITIVE IMPACT
Barclays has upgraded Nordstrom from Underweight to Equal-Weight, raising the price target from $18 to $23, indicating a more positive outlook on the stock.
The upgrade from Underweight to Equal-Weight by Barclays suggests improved confidence in Nordstrom's performance. The raised price target from $18 to $23 indicates potential upside, likely leading to positive short-term stock movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100