Merrill Lynch Remains a Sell on Nordstrom Inc (JWN)


In a report released yesterday, Lorraine Hutchinson from Merrill Lynch reiterated a Sell rating on Nordstrom Inc (JWN), with a price target of $43. The company’s shares closed yesterday at $47.26, close to its 52-week low of $43.70.

According to TipRanks.com, Hutchinson is a 2-star analyst with an average return of 0.0% and a 52.2% success rate. Hutchinson covers the Services sector, focusing on stocks such as Urban Outfitters, Tiffany & Co, and Kohl’s Corp.

Currently, the analyst consensus on Nordstrom Inc is a Moderate Buy with an average price target of $61.08.

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Nordstrom Inc’s market cap is currently $7.98B and has a P/E ratio of 17.23. The company has a Price to Book ratio of 6.64.

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Nordstrom, Inc. engages in the manufacture and trade of clothes, shoes, and accessories. It operates through the following business segments: Retail; Credit; and Corporate/Other. The Retail segment manages physical stores and online shops. The Credit segment offers a range of payment options to customers.

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