NEW YORK (TheStreet) -- Nordstrom (JWN) stock has been upgraded to "outperform" from "neutral," Credit Suisse said Friday. The firm said credit card sale should lead to accelerating earnings growth. A $78 price target was given.
Must Read: Warren Buffett's 10 Favorite Growth Stocks
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."
- You can view the full analysis from the report here: JWN Ratings Report