Nordstrom price target raised to $19 from $17 at JPMorgan

JPMorgan raised the firm’s price target on Nordstrom to $19 from $17 and keeps an Underweight rating on the shares. The analyst established December 2025 price targets across the department stores and specialty softlines sector ahead of the Q2 reports. Fieldwork points to a softer finish in July to close the quarter with spending growth year-over-year moderating sequentially relative to May and June, the analyst tells investors in a research note.