Evercore ISI Group Maintains Outperform on Nordstrom, Lowers Price Target to $35
Evercore ISI Group analyst Omar Saad maintains Nordstrom (NYSE:JWN) with a Outperform and lowers the price target from $45 to $35.
Why Nordstrom Shares Are Plunging Today
Nordstrom Inc (NYSE: JWN) is trading significantly lower Wednesday after the company announced worse-than-expected third-quarter financial results.
28 Stocks Moving in Wednesday’s Pre-Market Session
Gainers
Engine Gaming and Media, Inc. (NASDAQ: GAME) rose 51% to $4.80 in pre-market trading after the company reported Q4 2021 and FY21 revenue was higher year over year.
Jefferies Downgrades Nordstrom to Hold, Lowers Price Target to $30
Jefferies analyst Stephanie Wissink downgrades Nordstrom (NYSE:JWN) from Buy to Hold and lowers the price target from $48 to $30.
CNBC’s Final Trades: Visa, FedEx, Nordstrom And This Auto Major That’s Valued Better Than Peers
On CNBC’s “Halftime Report Final Trades,” Karen Firestone of Aureus Asset Management named Visa Inc (NYSE: V) as a top pick.
Gordon Haskett Downgrades Nordstrom to Hold, Lowers Price Target to $34
Gordon Haskett analyst Chuck Grom downgrades Nordstrom (NYSE:JWN) from Buy to Hold and lowers the price target from $42 to $34.
AEO’s Acquisition of AirTerra Melds Separate Parcel Delivery Visions
It took about 10 years for logistics industry veteran Brent Beabout to develop the concept behind AirTerra Inc., a Seattle-based parcel-delivery company that he founded in August 2020. But it took just 10 months in business for AirTerra to be acquired, and the company was taken out before it ever moved a package.