Goldman Sachs Upgrades Nordstrom (JWN) to Buy, Sees 19% Upside
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Price: $24.66 --0%
Rating Summary:
4 Buy, 30 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
4 Buy, 30 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Goldman Sachs upgraded Nordstrom (NYSE: JWN) from Neutral to Buy with a price target of $65 (up from $54), suggesting 19% upside.
The firm said the company's "secular share gainer status" is being underappreciated by the market. They see EPS upside and a multiple re-rating
Goldman raised FY12E/13E/14E EPS to $3.60/$4.20/$4.95 from $3.50/$4.00/NA.
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 $54.71 yesterday.
The firm said the company's "secular share gainer status" is being underappreciated by the market. They see EPS upside and a multiple re-rating
Goldman raised FY12E/13E/14E EPS to $3.60/$4.20/$4.95 from $3.50/$4.00/NA.
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 $54.71 yesterday.
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