Nordstrom (JWN) Receives a Hold from Guggenheim

Guggenheim analyst Robert Drbul maintained a Hold rating on Nordstrom (JWNResearch Report) yesterday. The company’s shares closed last Wednesday at $26.93.

According to, Drbul is a 5-star analyst with an average return of 10.8% and a 63.7% success rate. Drbul covers the Consumer Goods sector, focusing on stocks such as National Vision Holdings, Lululemon Athletica, and Burlington Stores.

The word on The Street in general, suggests a Hold analyst consensus rating for Nordstrom with a $27.67 average price target, implying a 10.9% upside from current levels. In a report issued on February 16, Evercore ISI also downgraded the stock to Hold.

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The company has a one-year high of $46.45 and a one-year low of $18.65. Currently, Nordstrom has an average volume of 6.28M.

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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. The Corporate/Other segment includes sales return reserve, expenses, and assets. The company was founded by John W. Nordstrom in 1901 and is headquartered in Seattle, WA.

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