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Stock Market & Financial Investment News

News Breaks
May 16, 2014
07:36 EDTJWNNordstrom upgraded to Outperform from Neutral at Credit Suisse
Credit Suisse upgraded Nordstrom to Outperform following news the company is putting its $2B credit card receivables portfolio up for sale. The firm expects the sale to accelerate earnings in 2016 and result in multiple expansion. Price target raised to $78 from $65.
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September 25, 2014
05:31 EDTJWNNordstrom store in Canada off to strong start, says Deutsche Bank
Deutsche Bank says the feedback received regarding Nordstrom's first store opening in Canada has been "particularly favorable." Deutsche expects Canada to eventually add 30c-40c to Nordstrom's bottom line and contribute up to $6 in value to the stock. The firm reiterates a Buy rating on the name with a $77 price target.

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