Stifel Nicolaus is out with its report today on Nordstrom JWN, upgrading JWN to Buy.
In its report, Stifel Nicolaus writes, "The outlook for the Nordstrom franchise is very favorable; we believe the business is on track and well positioned as the more affluent consumer continues to shop, with her preference clearly Nordstrom. Nordstrom is currently
performing near peak operating margins; however, sales productivity remains an opportunity as it is below peak levels."
At the time of posting, shares of JWN were trading at $44.20, up 4.42% from Thursday's close.
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Posted In: Analyst ColorUpgradesAnalyst RatingsConsumer DiscretionaryDepartment StoresStifel Nicolaus
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