Nordstrom (JWN) : Analyst Rating Update

Nordstrom (JWN) : 7 brokerage houses believe that Nordstrom (JWN) is a Strong Buy at current levels. 9 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Nordstrom (JWN). Zacks Investment Research suggests a Strong Sell with a rank of 5. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 3 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 20 Wall Street Analysts endorse the stock as a Hold with a rating of 2.65.

Nordstrom (JWN) : The most positive equity analysts on Nordstrom (JWN) expects the shares to touch $58, whereas, the least positive believes that the stock will trade at $34 in the short term. The company is covered by 17 Wall Street Brokerage Firms. The average price target for shares are $44.06 with an expected fluctuation of $7.38 from the mean.

Nordstrom (NYSE:JWN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $37.29 and $36.82 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $38.41. The buying momentum continued till the end and the stock did not give up its gains. It closed at $38.33, notching a gain of 2.32% for the day. The total traded volume was 3,656,254 . The stock had closed at $37.46 on the previous day.

Also, Maxim Group initiates coverage on Nordstrom (NYSE:JWN). In the latest research report, Maxim Group announces the target price to $50 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on June 15, 2016. The company shares have dropped -50.94% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $80.23 and the one year low was seen on Jun 27, 2016. The 50-Day Moving Average price is $38.03 and the 200 Day Moving Average price is recorded at $47.90.

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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