On Nov 28, major Wall Street analysts update their ratings for $Nordstrom (JWN.US)$, with price targets ranging from $21 to $26.
J.P. Morgan analyst Matthew Boss maintains with a sell rating, and adjusts the target price from $20 to $21.
TD Cowen analyst Oliver Chen maintains with a hold rating, and maintains the target price at $25.
Guggenheim analyst Robert Drbul maintains with a hold rating.
Telsey Advisory analyst Dana Telsey maintains with a hold rating, and adjusts the target price from $24 to $26.
Furthermore, according to the comprehensive report, the opinions of $Nordstrom (JWN.US)$'s main analysts recently are as follows:
Despite a notable Q3 sales performance that exceeded expectations, sales trends showed a significant deceleration in the last week of October and into the current quarter. Management is now adopting a more cautious approach for Q4 planning. Concerns remain around sales and profitability due to ongoing structural challenges within the department store sector.
Nordstrom is expected to continue facing challenges compared to off-price retailers and brands' direct-to-consumer channels, which may result in further share losses and lead to downward EPS revisions and weaker sentiment in the coming years. The Q3 report did not alter this outlook.
Nordstrom experienced a strong quarter, yet it remains challenging to adopt a definitively optimistic or pessimistic outlook moving forward, particularly with no updates on the Nordstrom family's proposal to acquire the company. The company's conservative and somewhat unclear guidance for Q4 complicates understanding the various factors influencing the stock currently.
Here are the latest investment ratings and price targets for $Nordstrom (JWN.US)$ from 4 analysts:
Note:
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