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UPDATE: Stifel Nicolaus Upgrades Nordstrom to Buy
Friday, August 12, 2011 - 9:56am | 97Stifel Nicolaus is out with its report today on Nordstrom (NYSE: 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,...
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Citi Reiterates Buy and PT of $50 on Nordstrom
Friday, August 12, 2011 - 8:47am | 54Citi reiterated its Buy rating on Nordstrom (NYSE: JWN). At the same time, the rating agency left its price target on the company's stock unchanged at $50. On Thursday, JWN closed the day at $42.33. Its shares added 4.65% to their value in today's pre-market trading to stand around $44.30.
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UPDATE: Goldman Sachs Reiterates Buy on Nordstrom, Raises PT to $55
Friday, August 12, 2011 - 8:41am | 55Goldman Sachs reiterated its Buy rating on Nordstrom (NYSE: JWN). At the same time, the rating agency raised its price target on the company's stock from $52 to $55. On Thursday, JWN closed the day at $42.33. Its shares added 4.65% to their value in today's pre-market trading to stand around $44.30...
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UPDATE: J.C. Penney Reports Q2 Profit of $14M
Friday, August 12, 2011 - 8:26am | 96J.C. Penney Co Inc (NYSE: JCP) released its results for the second quarter on Friday. J.C. Penney reported its quarterly profit at $14 million, or $0.07 per share, versus $14 million, or $0.06 per share, in the year-earlier period. Its revenue dropped 0.8% to $3.91 billion. However, analysts were...
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Stifel Nicolaus Upgrades Nordstrom To Buy, $52 PT
Friday, August 12, 2011 - 8:03am | 25Stifel Nicolaus has upgraded Nordstrom (NYSE: JWN) from Hold to Buy and has established a $52 price target.
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News Summary for August 12, 2011
Friday, August 12, 2011 - 7:50am | 554This is your Benzinga news summary and traders' outlook for Friday, August 12, 2011, covering headlines from overnight and Friday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading flat after a 400 point rally in the Dow yesterday. At last check, Dow...
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UPDATE: Piper Jaffray Raising Price Target On Nordstrom's After Earnings
Friday, August 12, 2011 - 7:36am | 138Piper Jaffray is out with a research report on Nordstrom, Inc. (NYSE: JWN) after it reported earnings yesterday. It has an Overweight rating and is raising its price target to $61. In a note to clients, Piper Jaffray writes, "We are reiterating our Overweight rating and raising our price target...
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Goldman Sachs Raises PT on Nordstrom To $55
Friday, August 12, 2011 - 6:57am | 26Goldman Sachs has raised the price target on Nordstrom (NYSE: JWN) from $52 to $55 and maintains its Buy rating.
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Piper Jaffray Raises PT On Nordstrom To $61
Friday, August 12, 2011 - 6:44am | 26Piper Jaffray has raised the price target on Nordstrom (NYSE: JWN) from $60 to $61 and maintains its Overweight rating.
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US Stock Futures Slightly Up; Economic Data In Focus
Friday, August 12, 2011 - 6:08am | 361US stock futures are slightly higher this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average surged 33 points to 11,117.00 and S&P 500 index futures rose 4.00 points to 1,172.50. Nasdaq 100 futures gained 3.75 points to 2,161.75. US stocks closed...
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Earnings Scheduled For August 12
Friday, August 12, 2011 - 3:22am | 135J.C. Penney Company Inc (NYSE: JCP) is projected to report its Q2 EPS at $0.06 on revenue of $3.91 billion. China TransInfo Technology Corp (NASDAQ: CTFO) is expected to report its Q2 EPS at $0.10 on revenue of $32.48 million. Conmed Healthcare Management Inc (AMEX: CONM) is estimated to report...
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Stocks To Watch For August 12
Friday, August 12, 2011 - 3:21am | 309Some of the stocks that may grab investor focus today are: Nordstrom Inc (NYSE: JWN) reported its second-quarter profit at $175 million, or $0.80 per share, on revenue of $2.72 billion. However, analysts were expecting net income of $0.74 per share on revenue of $2.72 billion. Nordstrom shares...
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Earnings Preview: TJX Companies' EPS, Revenue Expected to Rise
Thursday, August 11, 2011 - 4:59pm | 564TJX Companies (NYSE: TJX) announces its next round of earnings this Tuesday, August 16, 2011. Here is Benzinga's everything-that-matters guide for this Tuesday's second quarter earnings announcement. Earnings and Revenue: Analysts are predicting an EPS reading of 88 cents/share and revenues of $...
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Nordstrom Rises on Q2 Earnings Beat
Thursday, August 11, 2011 - 4:17pm | 127Shares of Nordstrom (NYSE: JWN) are trading higher in the after-hours following the release of the company's Q2 earnings results. Currently, shares are higher by 3.59%, trading at $43.85; they ended the regular session higher by 5.46%, at $42.33. Nordstrom reported Q2 EPS of $0.80 on revenues of...
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Market Update
Thursday, August 11, 2011 - 9:34am | 231Shares of Nordstrom Inc (NYSE: JWN) rose about 0.9% as the company is all set to report its quarterly earnings after the closing bell. Nordstrom is projected to report its Q2 earnings at $0.74 per share on revenue of $2.71 billion. Shares of O'Charley's Inc (NASDAQ: CHUX) dropped about 1.3% after...