Will This Price Target Increase Help Nordstrom (JWN) Stock Today?

NEW YORK (TheStreet) -- Nordstrom (JWN) stock has had its price target increased to $71 from $68, UBS said Friday. The firm said the revision was driven by credit card sales. A "buy" rating was reiterated. 

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Separately, TheStreet Ratings team rates NORDSTROM INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:

"We rate NORDSTROM INC (JWN) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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