Argus Research Remains a Sell on Nordstrom (JWN)

In a report released on April 17, Christine Dooley from Argus Research maintained a Sell rating on Nordstrom (JWN – Research Report). The company’s shares opened today at $23.90.

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Dooley covers the Consumer Cyclical sector, focusing on stocks such as Abercrombie Fitch, Tapestry, and Ethan Allen. According to TipRanks, Dooley has an average return of -6.4% and a 33.33% success rate on recommended stocks.

The word on The Street in general, suggests a Hold analyst consensus rating for Nordstrom with a $23.89 average price target, a -0.04% downside from current levels. In a report released on April 4, Citi also downgraded the stock to a Sell with a $22.00 price target.

JWN market cap is currently $3.99B and has a P/E ratio of 13.71.