Nordstrom

In a report published by Goldman Sachs, Nordstrom (NYSE: JWN) is upgraded to Buy. Goldman Sachs said that it is upgrading Nordstrom to Buy from Neutral as it sees 16% upside based on combination of earnings and multiple expansion. “Our 12-month price target of $49 is unchanged and continues to be...

Morgan Stanley is out with its report today on Nordstrom (NYSE: JWN), reiterating Overweight. In a note to clients, Morgan Stanley writes, "We reiterate our Overweight rating on JWN shares. We believe high-end department stores are better positioned than mid-tier peers to combat cost inflation,...

Nordstrom Inc. (NYSE: JWN) remains one of Morgan Stanley's top picks in the department store space. “We expect upward earnings revisions to drive the stock higher over the next 12 months,” Morgan Stanley writes. “Our FY11 EPS forecast of $3.24 is 17 cents above the Street. “Our dinner with mgmt...

Morgan Stanley is raising its PT on Nordstrom, Inc. (NYSE: JWN) from $46 to $48. Nordstrom currently trades at $45.11.

Piper Jaffray has raised the price target on Nordstrom, Inc. (NYSE: JWN) from $51 to $53 and maintains its Overweight rating.

Piper Jaffray said today that it continues to favor the women's apparel retailers that cater to the higher-end of the economy, including Limited Brands, Inc. (NYSE: LTD) and Nordstrom, Inc. (NYSE: JWN). “We believe LTD was a clear winner in December based on our store checks in each of their two...

Sterne Agee has published a research report on Nordstrom, Inc. (NYSE: JWN) after meeting with management in New York City. In the report, Sterne Agee writes "Management emphasized their viewpoint that the shopping experience is being revolutionized by evolving technology, akin to the impact the...

Deutsche Bank has published its November Sales Preview today as November sales are expected to be good for the retailing/department stores market. In a note to clients, Deutsche Bank writes, "Sales momentum this month has improved following a lackluster October, which was negatively impacted by...

Piper Jaffray is reiterating its Overweight rating on shares of Nordstrom, Inc. (NYSE: JWN) following the company's FQ3 report in which “EPS beat our estimate by two cents on better than expected gross margin.” “Same-store sales growth accelerated from Q2 into Q3 on a two-year basis, and we believe...

Citigroup is raising Nordstrom, Inc.'s (NYSE: JWN) 2011 EPS estimate to $3.19, up from $3.10 previously and above consensus of $3.00. “Our EPS revision reflects our updated SSS and operating margin assumptions,” Citigroup writes, noting that it is also introducing its 2011 quarterly EPS estimates...

In Piper Jaffray's October same-store sales preview, the company said that its index is forecast to increase +1.3%, following a +1.7% increase in September and +2.9% increase in August, providing yet another positive reading of traffic and sales trend stabilization. “Against a backdrop of...

Piper Jaffray says that it is increasingly confident in its thesis that high-end retailers will outperform those catering to a moderate-income customer. “Based on our proprietary analysis, wages for highest quintile increased 4.0% y/y in September –representing an acceleration of 20 bps from...

FBR Capital Markets has initiated coverage on the following companies: JC Penney (NYSE: JCP) Underperform Aeropostale (NYSE: ARO) Underperform Urban Outfitters (NASDAQ: URBN) Market Perform Lululemon Athletica (NASDAQ: LULU) Market Perform Nordstrom (NYSE: JWN) Market Perform Kohl's (NYSE: KSS)...

Piper Jaffray writes on the September retail preview: "More than halfway through the month of September, women's specialty comps trending strongest, mass avg and teen lowest: Our PJC comp store index is forecasted to increase +1.4% in September, following a +2.9% increase in August, and a +2.9%...

Summarized here are the top in the Department Stores industry as measured by the price to cash flow ratio. Often companies with the lowest ratio present the greatest value to investors. Macy's (NYSE: M) has a price to free cash flow ratio of 23x based on a current price of $20.19 and a free cash...