Shares of Nordstrom slumped significantly Wednesday after the department store chain reported third-quarter earnings short of analysts’ expectations. Analysts at Cowen lowered their price target on the stock, saying the retailer “could see challenges winning shoppers back.”
Nordstrom (ticker: JWN) fell more than 29% on Wednesday to $22.57. The stock hit a 52-week low earlier in the session.
The…