Citi Cuts Macy's (M), Nordstrom (JWN), Saks (SKS) to Neutral

An analyst at Citi downgraded a number of stocks in the Retail sector Wednesday morning, each from Buy to Neutral:

• Macy's (NYSE: M) - price target lowered from $49 to $39
  
• Nordstrom (NYSE: JWN) - price target lowered from $63 to $52
  
• Saks (NYSE: SKS) - price target lowered from $14 to $11

Check out our Ratings Insider portal to get the most comprehensive and up-to-date analyst coverage on the Street.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Citi expects EV demand to improve in summer and spring seasons
• UBS Downgrades Teck Resources Ltd (TECK-B:CN) (TECK) to Neutral
• B.Riley Downgrades Xponential Fitness Inc (XPOF) to Neutral