Research Analysts’ Weekly Ratings Changes for Nordstrom (JWN)

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Several investment firms have updated their stock ratings and price targets on shares of Nordstrom (NYSE: JWN) in the last week:

  • Nordstrom had its price target raised by analysts at Citigroup Inc. from $65.00 to $70.00. They now have a “neutral” rating on the stock.
  • Nordstrom had its price target raised by analysts at Nomura from $65.00 to $70.00. They now have a “neutral” rating on the stock.
  • Nordstrom had its price target raised by analysts at JPMorgan Chase & Co. from $58.00 to $64.00. They now have a “neutral” rating on the stock.
  • Nordstrom was upgraded by analysts at Credit Suisse from a “neutral” rating to an “outperform” rating. They now have a $78.00 price target on the stock, up previously from $65.00. They wrote, “bridge to the likely earning acceleration in 2016.” Assuming that Nordstrom completes this sale, it should be poised for higher earnings in the next couple years and should be able to capitalize on its “capital-intensive”
  • Nordstrom had its price target raised by analysts at RBC Capital from $67.00 to $75.00. They now have an “outperform” rating on the stock.
  • Nordstrom had its price target raised by analysts at Sterne Agee from $54.00 to $64.00.
  • Nordstrom had its price target raised by analysts at Buckingham Research from $62.00 to $70.00. They now have a “neutral” rating on the stock.
  • Nordstrom had its price target raised by analysts at KeyCorp from $68.00 to $74.00. They now have a “buy” rating on the stock.
  • Nordstrom had its price target raised by analysts at Topeka Capital Markets from $68.00 to $73.00. They now have a “buy” rating on the stock.

Nordstrom, Inc. (NYSE:JWN) traded up 1.33% during mid-day trading on Thursday, hitting $68.41. 111,685 shares of the company’s stock traded hands. Nordstrom, Inc. has a 52 week low of $54.90 and a 52 week high of $70.71. The stock’s 50-day moving average is $62.50 and its 200-day moving average is $61.17. The company has a market cap of $12.950 billion and a P/E ratio of 18.21.

Nordstrom, Inc is a fashion specialty retailer. As of March 18, 2013, the Company operates 242 United States stores located in 31 states, as well as an e-commerce business through nordstrom.

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