Nordstrom's CFO Departure 'Surprising' Ahead Of Upcoming Holiday Season, 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 company announced that CFO Anne Bramman would be departing the company on December 2, 2022.

The analyst said Bramman’s departure comes as a bit of surprise, particularly ahead of the upcoming holiday season. However, Telsey noted seeing somewhat of an elevated level of management turnover across her coverage in recent months as executives (and companies) look for a change after two turbulent and challenging years.

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