Goldman Sachs Upgrades Nordstrom (JWN) to Neutral, Removes From Sell List

July 6, 2009 7:08 AM EDT

Goldman Sachs upgrades Nordstrom (NYSE: JWN) from Sell to Neutral and removed the stock from their Conviction Sell List, citing valuation after 18.9% slide since their downgrade on 5/18. The firm maintains their $21 price target.

Nordstrom, Inc., a fashion specialty retailer, provides apparel, shoes, cosmetics, and accessories for women, men, and children in the United States.


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