UPDATE - UBS Initiates Coverage on Nordstrom (JWN) with a Buy; Buying In Ahead of EPS Inflection Point
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Price: $24.66 --0%
Rating Summary:
4 Buy, 30 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 9 | Down: 12 | New: 19
Rating Summary:
4 Buy, 30 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 9 | Down: 12 | New: 19
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UPDATE - UBS initiates coverage on Nordstrom (NYSE: JWN) with a Buy rating. PT $63.
Analyst, Michael Binetti, said, "JWN has the best revenue growth algorithm in d-stores, in our view. We are forecasting +6.5% SSS in ‘12, but believe there could be upside due to 1) historical outperformance during an improving economy, 2) rising customer satisfaction ratings, and 3) recently increased loyalty program incentives. JWN also has the best remaining capacity growth in the group—at +3.5% in ‘12 (vs the group at <1%)."
To see more ratings on JWN, Click Here
Analyst, Michael Binetti, said, "JWN has the best revenue growth algorithm in d-stores, in our view. We are forecasting +6.5% SSS in ‘12, but believe there could be upside due to 1) historical outperformance during an improving economy, 2) rising customer satisfaction ratings, and 3) recently increased loyalty program incentives. JWN also has the best remaining capacity growth in the group—at +3.5% in ‘12 (vs the group at <1%)."
To see more ratings on JWN, Click Here
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