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JWN

Nordstrom

$48.96

-0.05 (-0.10%)

10:02
04/12/18
04/12
10:02
04/12/18
10:02

Nordstrom opens doors to flagship Men's store in NYC

Nordstrom opened the doors this morning to its very first flagship, full-line New York City location and first ever stand-alone men's store at 235 West 57th Street. The three-level 47,000 square foot store offers a differentiated merchandise assortment across all categories, including popular and designer brands.

JWN Nordstrom
$48.96

-0.05 (-0.10%)

02/08/18
KEYB
02/08/18
NO CHANGE
KEYB
Sector Weight
Amazon new denim brands a 'modest negative' for Gap/Nordstrom, says KeyBanc
KeyBanc analyst Edward Yruma notes that Amazon (AMZN) recently launched two premium private-label denim brands, namely Hale and Denim Crush. Importantly, the price points, details, and construction point to a foray into premium women's denim, he notes, adding that he thinks this is a "modest negative" for Gap (GPS) and Nordstrom (JWN). Yruma reiterates a Sector Weight rating on Amazon's shares.
03/05/18
BMOC
03/05/18
NO CHANGE
Target $55
BMOC
Market Perform
Nordstrom price target raised to $55 from $50 at BMO Capital
BMO Capital analyst Wayne Hood raised his price target on Nordstrom to $55 despite the Q4 earnings miss, citing better than expected FY18 EPS outlook. The analyst states that he is positive on the management's view of 2018 as a "long-awaited inflection point" that will lead to the company leveraging its "generational' investments which previously weighed on earnings. Hood keeps his Market Perform rating on Nordstrom, adding that he could become more constructive on stock price pullback or if he sees "more material acceleration in sales".
03/06/18
EVER
03/06/18
NO CHANGE
EVER
Evercore sees high likelihood of Nordstrom take-private deal getting done
Evercore ISI analyst Omar Saad closed the 8.5% Nordstrom short position in his firm's model portfolio saying a potential leveraged buyout transaction at a price above $50 appears likely at this point. A stronger holiday season and consumer backdrop, coupled with lowered taxes in the U.S., have strengthened the case for the take private transaction and the ability to finance the added debt, Saad tells investors in a research note. He sees "enough room" for Nordstrom management and Leonard Green to increase the bid and still get the deal done. As such, the analyst sees a high likelihood of Nordstrom going private at a price above $50 per share. The stock in morning trading is up 18c to $52.08.
03/12/18
FBCO
03/12/18
INITIATION
Target $54
FBCO
Neutral
Nordstrom initiated with a Neutral at Credit Suisse
Credit Suisse analyst Michael Binetti initiated Nordstorm with a Neutral rating and a price target of $54. The analyst states that the company has some advantages relative to its department store peers, having pivoted to e-commerce with 25% of total sales and value offerings at 33% of sales. However, Binetti also sees additional stock price upside as limited without improved visibility on a "potential Nordstrom family MBO".

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Treasury's 10-year TIPS preview: the $11 B reopening may be weakened »

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AMD

AMD

$19.24

0.04 (0.21%)

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

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11:16
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CYAD

Celyad

$26.97

(0.00%)

, BLUE

Bluebird Bio

$116.82

0.55 (0.47%)

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$26.97

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Bluebird Bio

$116.82

0.55 (0.47%)

NVS

Novartis

$88.49

1.51 (1.74%)

GILD

Gilead

$67.04

-0.54 (-0.80%)

CELG

Celgene

$67.69

0.93 (1.39%)

AUTL

Autolus Therapeutics

$42.60

1.4 (3.40%)

ALLO

Allogene Therapeutics

$26.40

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CLLS

Cellectis

$20.89

0.65 (3.21%)

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QQQ

Invesco QQQ Trust

$161.12

1.93 (1.21%)

11:10
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Options
Notable put ratio spread opened in Invesco QQQ options as shares bounce »

Notable put ratio spread…

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YORW

York Water

$32.80

(0.00%)

11:08
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York Water raises dividend 4% to 17.33c per share »

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EXAS

Exact Sciences

$65.20

0.43 (0.66%)

11:07
11/21/18
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Periodicals
Analyst thinks Jana could pressure Exact Sciences to pursue sale, The Deal says »

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11:05
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Euro$ interest rate futures were checked lower »

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FX Action: USD-CAD »

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DE

Deere

$143.73

5.24 (3.78%)

11:00
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Breaking Hot Stocks news story on Deere »

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ALT

Altimmune

$3.21

0.2 (6.64%)

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Altimmune granted European patent for influenza antigen delivery vectors »

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NYMX

Nymox

$1.81

0.07 (4.02%)

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Nymox director James George Robinson buys 9K shares of company stock »

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QEP

QEP Resources

$8.81

-0.3 (-3.29%)

10:55
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Options
QEP Resources put volume heavy and directionally bearish »

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GLW

Corning

$31.21

0.37 (1.20%)

, T

AT&T

$29.82

0.41 (1.39%)

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Conference/Events
UBS optical/networking equip analyst to hold analyst/industry conference call »

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GLW

Corning

$31.21

0.37 (1.20%)

T

AT&T

$29.82

0.41 (1.39%)

VZ

Verizon

$59.30

-0.16 (-0.27%)

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