Shares of Nordstrom Inc (NYSE: JWN) tanked in early trading on Wednesday, even after the company reported upbeat fourth-quarter sales and earnings.
The results came amid an exciting earnings season. Here are some key analyst takeaways from the release.
- Telsey Advisory Group analyst Dana Telsey maintained a market Perform rating, while raising the price target from $17 to $19.
- Piper Sandler analyst Edward Yruma reiterated a Neutral rating, while raising the price target from $17 to $20.
- BMO Capital Markets analyst Simeon Siegel maintained a Market Perform rating and price target of $20.
- Evercore ISI analyst Michael Binetti reaffirmed an In-Line rating and price target of $17.
- Guggenheim Securities analyst Robert Drbul reiterated a Neutral rating on the stock.
Check out other analyst stock ratings.
Telsey: Nordstrom reported its fourth-quarter adjusted earnings of 96 cents per share, beating the consensus estimate, with the upside being driven by better-than-expected topline growth and cost control, Telsey said in a note. The company’s gross margin “came in a bit weaker,” she ...