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JWN

Nordstrom

$44.90

-0.77 (-1.69%)

08:07
01/12/17
01/12
08:07
01/12/17
08:07

Nordstrom management changes to aid technology efforts, says Maxim

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.

JWN Nordstrom
$44.90

-0.77 (-1.69%)

12/16/16
JPMS
12/16/16
DOWNGRADE
Target $48
JPMS
Underweight
Nordstrom downgraded to Underweight from Neutral at JPMorgan
JPMorgan analyst Matthew Boss downgraded Nordstrom to Underweight and lowered his price target for the shares to $48 from $55. After meeting with management, the analyst sees "silver bullets" for the company to accelerate sales growth. He notes that Nordstrom shares are up 57% over the past six months.
12/16/16
12/16/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Coca-Cola (KO) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Dara Mohsenian seeing Coke's top-line growth prospects as muted, slightly below its mega-cap peers and expects mega-cap multinationals to underperform due to U.S. dollar strength and sector rotation. 2. Apache (APA) downgraded to Market Perform from Outperform at Wells Fargo with analyst David Tameron citing headwinds from service cost increases, slowing efficiency gains and uncertain long-term price expectations. 3. Nordstrom (JWN) downgraded to Underweight from Neutral at JPMorgan analyst Matthew Boss saying he sees "silver bullets" for the company to accelerate sales growth after meeting with management. 4. Noble Corp. (NE) downgraded to Underperform from Sector Perform at RBC Capital and to Sell from Neutral at Goldman. 5. Weight Watchers (WTW) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Dara Mohsenian saying Weight Watchers Google search trends have been weaker in major markets and views 2018 guidance as too optimistic as Oprah Winfrey partnership benefits fade in 2018. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/19/16
CLVD
12/19/16
NO CHANGE
CLVD
Neutral
Nordstrom comps appear below plan, says Cleveland Research
Cleveland Research Scott Bender said checks indicate sales growth remains fairly soft Q4-to-date and steady vs. 3Q. The analyst said margins appear fairly well managed but earnings upside may be capped. He expects Q4 same-store-sales comps up .4% versus consensus of 1.4% and earnings of $1.23 versus consensus of $1.18.
12/19/16
CLVD
12/19/16
NO CHANGE
CLVD
Neutral
Nordstrom Q4 comps trending below consenus, says Cleveland Research
Cleveland Research analyst Scott Bender said Macy's Q4 store sales appear to be trending softer vs. consensus expectations and sees some risk to earnings due to in-line gross margins and higher SG&A. The analyst is modeling Q4 earnings of $2.16 versus consensus of $2.18.

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COP

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AT&T

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BMY

Bristol-Myers

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WFC

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HBAN

Huntington Bancshares

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ASB

Associated Banc-Corp

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UBS

UBS

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PFE

Pfizer

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CNP

CenterPoint Energy

$28.40

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MDXG

MiMedx

$11.99

-0.26 (-2.12%)

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CE

Celanese

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Western Alliance

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USB

U.S. Bancorp

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WBS

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HSBC

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WTR

Aqua America

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MSFT

Microsoft

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-0.23 (-0.27%)

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TCF

TCF Financial

$20.24

-0.16 (-0.78%)

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