Credit Suisse Upgrades Nordstrom (JWN) to Outperform
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May 16, 2014 8:39 AM EDT
Topeka Capital maintained a Buy rating on Nordstrom (NYSE: JWN) and raised its price target to $73.00 (from $68.00).
Analyst Dorothy S. Lakner said, "JWN provided a nice quarterly beat, driven by strong Direct and Rack comps, with full-line performance solid in a... More
May 16, 2014 8:20 AM EDT
Deutsche Bank maintained a Buy rating on Nordstrom (NYSE: JWN) and raised its price target to $72.00 (from $67.00). The change follows strong Q1 results.
Analyst Paul Trussell said, "1Q results positively surprised on multiple fronts: (1) JWN announced it is (finally) seeking a financial partner for its CC receivables (see analysis below); (2) SSS accelerated to 3.9% (2.6% in 4Q), overcoming unfavorable weather; (3) SG&A surprisingly leveraged; and (4) JWN... More
May 16, 2014 7:23 AM EDT
Piper Jaffray analyst Neely Tamminga reiterated an Overweight rating and lifted her price target on Nordstrom (NYSE: JWN) to $73.00 (from $68.00) following 'strong' Q1 results and the possible sale of its credit portfolio.
Tamminga commented, "We are reiterating our Overweight rating on... More
