Sterne Agee Upgrades Nordstrom (JWN) to Buy, Columbia (COLM) to Neutral

October 16, 2009 12:31 PM EDT

An analyst at Sterne Agee & Leach upgraded several stocks in the Apparel sector earlier:

  • Nordstrom (NYSE: JWN) from Neutral to Buy with a $44 price target
  • Columbia Sportswear (Nasdaq: COLM) from Sell to Neutral
Traders seem to be shrugging off the Nordstrom upgrade, pushing it down nearly a percent to $34.09, but cheering the Columbia upgrade. Shares of Columbia most recently traded at $43.93, up 1.1% from yesterday's close.


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Upgrades

Stocks Mentioned

COLM 37.78

-0.35 -0.92%
Volume: 71,818
Track COLM

JWN 34.02

-0.81 -2.33%
Volume: 1,909,044
Track JWN


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