Nordstrom price target lowered to $14 from $15 at Barclays

Barclays lowered the firm’s price target on Nordstrom to $14 from $15 and keeps an Underweight rating on the shares post the Q2 report. While Rack sales are improving and comparisons are getting easier into the back half of 2023, Nordstrom’s near-term commentary shows quarter-to-date slowing in both brands and heightened delinquency rates, the analyst tells investors in a research note.