Vetr Downgrades Nordstrom As Shares Continues To Sputter
The value of Nordstrom, Inc. (NYSE: JWN) shares have fallen about 15 percent over the past three months, and the Vetr community recently downgraded the company from 3.5 to 3 stars.
A poor first quarter earnings report in early May sent Nordstrom shares into a steady decline towards the $44.49 value it opened at on Tuesday.
Vetr members have given Nordstrom a Hold rating and $43.19 price target. This price target is slightly lower than the $46.98 price target from Street analysts.
Of all Vetr raters, one third believe that Nordstrom shareholders should sell the stock.
See Vetr’s full analysis on Nordstrom here.
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