Credit Suisse analyst Michael Binetti maintains Nordstrom (NYSE:JWN) with a Neutral and lowers the price target from $21 to $20.
SEE Sees FY22 Adj. EPS $4.05-$4.20 vs $4.10 Est., Sales $5.85B-$6.05B vs $5.9B Est.
r the full year 2022, SEE now expects net sales in the range of $5.85 billion to $6.05 billion, which includes an unfavorable currency impact of approximately 2% and an unfavorable divestiture impact of approximately 1%.