Keybanc Downgrades Nordstrom to Sector Weight
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Ashley Owens has downgraded Nordstrom (NYSE:JWN) from Overweight to Sector Weight, indicating a more cautious outlook on the stock.
September 26, 2024 | 7:50 pm
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Keybanc analyst Ashley Owens downgraded Nordstrom from Overweight to Sector Weight, suggesting a more cautious view on the stock's performance.
The downgrade from Overweight to Sector Weight by Keybanc suggests that the analyst sees less potential for Nordstrom to outperform its peers in the near term. This could lead to a negative short-term impact on the stock price as investors adjust their expectations.
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