Why Nordstrom (JWN) Stock Is Rising Today

NEW YORK (TheStreet) -- Nordstrom (JWN) shares are up 1.1% to $68.70 after analysts at Topeka Capital raised their price target to $75 from $73 while maintaining their "buy" rating on the company's shares.

"We continue to like JWN shares here, particularly as we head into its important Anniversary Sale this month," analysts Dorthy S. Lakner said.

Must ReadWarren Buffett's 25 Favorite Stocks

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, good cash flow from operations, increase in stock price during the past year, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

If you liked this article you might like

You Are Forgetting This Commonsense Investing Wisdom

Stock Observations; Reviewing Equities: Doug Kass' Views

Cheaper as They Slide; Tax Reform -- Jim Cramer's Top Thoughts

Analysts Wrong on iPhone; Retail Not Going Away: Best of Cramer

Nordstrom Should Take Its $9 Billion and Go Private Immediately