Caris Highlights Strong First Day of Nordstrom's (JWN) Anniversary Pre Sale
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Price: $24.66 --0%
Rating Summary:
4 Buy, 30 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
4 Buy, 30 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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An analyst at Caris & Co. made some bullish comments on Nordstrom (NYSE: JWN) Thursday morning following the kick-off of its Nordstrom Anniversary pre-sale for rewards-program members.
The analyst said solid demand for shoes, women's handbags and men's apparel on Wednesday created a strong first day for the pre-sale. This pre-sale, as well as online shopping, will likely help July retail sales results. The Caris analyst noted full access to the Anniversary Sale will begin on July 20th, a week later than in 2011.
Caris maintains a Buy rating and $65 price target on shares of Nordstrom.
Based on Wednesday's closing price of $50.69, the firm's price target represents potential upside of about 28 percent.
Visit our Analyst Ratings page to track all the market-moving analyst action on shares of Nordstrom.
The analyst said solid demand for shoes, women's handbags and men's apparel on Wednesday created a strong first day for the pre-sale. This pre-sale, as well as online shopping, will likely help July retail sales results. The Caris analyst noted full access to the Anniversary Sale will begin on July 20th, a week later than in 2011.
Caris maintains a Buy rating and $65 price target on shares of Nordstrom.
Based on Wednesday's closing price of $50.69, the firm's price target represents potential upside of about 28 percent.
Visit our Analyst Ratings page to track all the market-moving analyst action on shares of Nordstrom.
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