Keybanc Downgrades Nordstrom to Sector Weight
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Noah Zatzkin has downgraded Nordstrom (NYSE:JWN) from Overweight to Sector Weight, indicating a more cautious outlook on the stock.
September 26, 2024 | 11:00 am
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Keybanc analyst Noah Zatzkin downgraded Nordstrom from Overweight to Sector Weight, suggesting a more cautious stance on the stock.
The downgrade from Overweight to Sector Weight by Keybanc suggests a less optimistic view on Nordstrom's stock performance. This could lead to a negative short-term impact on the stock price as investors may adjust their positions based on the analyst's revised outlook.
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