Nordstrom Stock Sinks. Cowen Says the Challenge Will Be to Win Back Shoppers. – Barrons

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.


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