Macro Pressures Likely To Weigh On Nordstrom's Inventories And Rack, Says Analyst


Telsey Advisory Group analyst Dana Telsey reiterated a Market Perform rating on the shares of Nordstrom Inc (JWN) with a price target of $25.00.

The analyst forecasts Nordstrom’s net revenues to decline 5.1% Y/Y to $3.45 billion versus the consensus of down 4.3% to $3.48 billion.

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