After Nordstrom announced on January 9 that the company has created a new executive role, Chief Innovation Officer, and named Geevy Thomas to the position and also reported that Terry Boyle will take over leadership of Trunk Club to replace Brian Spaly, who is leaving the company, Maxim analyst Tom Forte said he is confident both moves will help the company advance its in-store technology and e-commerce efforts. Forte, who considers Nordstrom shares oversold even given the current challenging retail environment, keeps a Buy rating and $61 price target on the stock.