Nordstrom (NYSE:JWN) PT Raised to $18.00 at The Goldman Sachs Group

Nordstrom is a luxury retailer based in the United States. The company operates under the ticker symbol NYSEJWN and is listed on the New York Stock Exchange (NYSE). On August 12, 2021, it was announced that The Goldman Sachs Group had raised its price target for Nordstrom to $18.00 per share.

The Goldman Sachs Group is a multinational investment bank and financial services company headquartered in New York City. The company operates in various sectors, including banking, securities, asset management, and wealth management. It is one of the largest and most respected financial institutions in the world.

In raising its price target for Nordstrom to $18.00 per share, The Goldman Sachs Group likely took into consideration the company's recent performance and future prospects. Nordstrom has reported strong earnings in recent quarters, with revenue growth and increased profitability. Additionally, the company has been expanding its online presence and investing in new technologies to improve the customer experience.

Overall, The Goldman Sachs Group's decision to raise its price target for Nordstrom reflects the company's confidence in the retailer's ability to continue growing and generating strong returns for shareholders.