In a report published Friday, Deutsche Bank reiterated its Buy rating on Nordstrom JWN, but lowered its price target from $60.00 to $58.00.
Deutsche Bank noted, “Nordstrom's better-than-expected 4Q results showcased the company's strong earnings power with EBIT flow-through rising to 18.6% from 11.2% sequentially and EPS increasing 26% YOY. While FY13 guidance fell short, this should be no surprise given the company's track record.”
Nordstrom closed on Thursday at $54.52.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in