Topeka Capital Starts Nordstrom (JWN) at Buy

April 11, 2013 9:27 AM EDT Send to a Friend
Get Alerts JWN Hot Sheet
Price: $80.43 -0.52%

Rating Summary:
    12 Buy, 15 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 15 | Down: 38 | New: 13
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Topeka Capital initiated coverage on Nordstrom (NYSE: JWN) with a Buy rating and a price target of $63.00.

Analyst Dorothy S. Lakner said, "We believe JWN should continue to benefit from the ramp-up in spending from affluent customers in a recovering economy, from a still early comeback in its women's apparel business as well as its leadership in multi-channel retailing."

For an analyst ratings summary and ratings history on Nordstrom click here. For more ratings news on Nordstrom click here.

Shares of Nordstrom closed at $55.81 yesterday.

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