Nordstrom (JWN) August 52.50 straddle priced for move of 7.2% into EPS

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Nordstrom (JWN) PT Raised to $59 at Nomura/Instinet

August 17, 2018 8:34 AM EDT

Nomura/Instinet analyst Simeon Siegel raised the price target on Nordstrom (NYSE: JWN) to $59.00 (from $54.00) while maintaining a Neutral rating following the company's 2Q earnings report. Amid a yoyo earnings cycle, JWN saw strength at its own proxy of both consumer extremes with full-price and... More