Nordstrom (JWN) PT Raised to $73 at Topeka Capital

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Go back to Nordstrom (JWN) PT Raised to $73 at Topeka Capital

Deutsche Bank Comments on Nordstrom's (JWN) Q1

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

Nordstrom (JWN) PT, Estimates Lifted at Piper Jaffray after 'Strong' Q1

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

Credit Suisse Upgrades Nordstrom (JWN) to Outperform

May 16, 2014 6:43 AM EDT

Credit 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.

... More

Nordstrom, Inc. (JWN) Tops Q1 EPS by 4c, Seeks Partner for Credit Card Receivables

May 15, 2014 4:06 PM EDT

Nordstrom, 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