Nordstrom Q2 results get boost from sales event, turnaround efforts

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Go back to Nordstrom Q2 results get boost from sales event, turnaround efforts

Nordstrom (JWN) PT Raised to $20 at JPMorgan

August 28, 2024 5:32 AM EDT

JPMorgan analyst Matthew Boss raised the price target on Nordstrom (NYSE: JWN) to $20.00 (from $19.00) while maintaining a Underweight rating.

The analyst comments "Nordstrom reported 2Q adj. EPS of $0.96 (above Street $0.71) w/ the beat driven by more favorable gross margin expansion of +155bps Y/Y to 36.6% (>... More

Evercore ISI Reiterates In Line Rating on Nordstrom (JWN)

August 28, 2024 5:25 AM EDT

Evercore ISI analyst Michael Binetti reiterated an In Line rating and $19.00 price target on Nordstrom (NYSE: JWN).

The analyst comments "2Q net sales at +3.4% YOY was largely in line with Consensus at +3.5% (though slightly below our +3.9%) and SSS (which should exclude a timing shift... More

Nordstrom (JWN) PT Raised to $19 at CFRA

August 28, 2024 5:04 AM EDT

CFRA analyst Zachary Warring raised the price target on Nordstrom (NYSE: JWN) to $19.00 (from $16.00) while maintaining a Sell rating.

The analyst comments "We raise our 12-month target by $3 to $19 on 9.5x our FY 26 (Jan.) EPS and in line with the company's two-year... More