Jefferies Downgrades Nordstrom to Hold Amid Margin Recovery Challenges
Thursday, 7 March 2024, 15:09
Jefferies Downgrades Nordstrom to Hold
Investment firm Jefferies has revised its rating on Nordstrom from Buy to Hold, emphasizing the obstacles faced by the company in managing its inventory effectively. The downgrade signals concerns over the sluggish margin recovery process at Nordstrom and its impact on financial performance.
Challenges in Inventory Management
- Inventory Issues: Nordstrom is struggling with inventory management, affecting its operational efficiency.
Lagging Performance
- Performance Decline: Jefferies points out Nordstrom's lagging performance as a key factor in the rating downgrade.
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