Brokerage Firm Rating Update on Nordstrom (JWN)

Nordstrom (JWN) : The consensus on Nordstrom (JWN) based on 19 analyst recommendation on the company stock is 2.53, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 8 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 3 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Nordstrom (JWN).

Nordstrom (JWN) : Average target price received by Nordstrom (JWN) is $49.68 with an expected standard deviation of $9.86. The most aggressive target on the stock is $65, whereas the most downbeat target is $34. 17 financial analysts are currently covering the stock.


Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Citigroup maintains the rating on Nordstrom (NYSE:JWN). The brokerage firm has issued a Neutral rating on the shares. The Analysts at the ratings agency raises the price target from $40 per share to $50 per share. The rating by the firm was issued on August 12, 2016.

Nordstrom (NYSE:JWN): The stock opened at $49.88 and touched an intraday high of $51.17 on Wednesday. During the day, the stock corrected to an intraday low of $49.39, however, the bulls stepped in and pushed the price higher to close in the green at $50.97 with a gain of 1.90% for the day. The total traded volume for the day was 2,991,569. The stock had closed at $50.02 in the previous trading session.

Nordstrom, Inc. is a fashion specialty retailer in the United States. The company operates through two segments: Retail and Credit. The Retail segment includes approximately 115 Nordstrom branded full-line stores in the United States and, approximately 167 off-price Nordstrom Rack stores, two Canada full-line stores, and HauteLook, and other retail channels, including five Trunk Club showrooms and, its two Jeffrey boutiques and one clearance store that operates under the name Last Chance. Credit segment includes its wholly owned federal savings bank, Nordstrom fsb, through which it provides a private label credit card, two Nordstrom VISA credit cards and a debit card. The Company operated 290 United States stores located in 38 states, as well as an e-commerce business through, and HauteLook and, as of March 16, 2015. It also operates two Nordstrom full-line stores in Canada.

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