Goldman Sachs Downgrades Nordstrom (JWN) to Neutral
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Price: $24.66 --0%
Rating Summary:
4 Buy, 30 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
4 Buy, 30 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Goldman Sachs downgraded Nordstrom (NYSE: JWN) from Buy to Neutral with a price target of $50 (down from $55), saying near-term risk/reward is less compelling.
The analyst said, "While JWN’s long-term potential remains strong as a multichannel innovator at the high end, we see limited near-term upside. Slowing SSS combined with continued investments to differentiate its offering could weigh on near-term results."
For more ratings news on Nordstrom click here and for the rating history of Nordstrom click here.
Shares of Nordstrom closed at $45.66 yesterday.
The analyst said, "While JWN’s long-term potential remains strong as a multichannel innovator at the high end, we see limited near-term upside. Slowing SSS combined with continued investments to differentiate its offering could weigh on near-term results."
For more ratings news on Nordstrom click here and for the rating history of Nordstrom click here.
Shares of Nordstrom closed at $45.66 yesterday.
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