Nordstrom's Upside Is Limited, Not Worth Taking The Risk
Summary
- Recent share pullback has put Nordstrom in line with the other retailers.
- Nordstrom is trading at 18x earnings for 2021 and only 12.5 for 2022, just under the historical average of 15x.
- Nordstrom should see a gradual increase in profits in the next couple of years.
- The stock is highly sensitive to market news.
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