Nordstrom (JWN) PT Raised to $73 at Topeka Capital
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Deutsche Bank Comments on Nordstrom's (JWN) Q1
May 16, 2014 8:20 AM EDTDeutsche 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
Nordstrom (JWN) PT, Estimates Lifted at Piper Jaffray after 'Strong' Q1
May 16, 2014 7:23 AM EDTPiper 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
Credit Suisse Upgrades Nordstrom (JWN) to Outperform
May 16, 2014 6:43 AM EDTCredit Suisse upgraded Nordstrom (NYSE: JWN) from Neutral to Outperform.
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 $61.49 yesterday.
... MoreNordstrom, Inc. (JWN) Tops Q1 EPS by 4c, Seeks Partner for Credit Card Receivables
May 15, 2014 4:06 PM EDTNordstrom, Inc. (NYSE: JWN) reported Q1 EPS of $0.72, $0.04 better than the analyst estimate of $0.68. Revenue for the quarter came in at $2.84 billion versus the consensus estimate of $2.86 billion.
Nordstrom comparable sales, which consist of the full-line and Direct businesses, increased 3.3 percent compared with... More
