Nordstrom Inc (NYSE:JWN) Given a “Sell” Rating at Northcoast Research. Lost Its “Neutral” Rating

Northcoast Research cut Nordstrom Inc (NYSE:JWN)’s stock to “Sell” rating from “Neutral”. This rating change was issued to clients and investors in an analyst report today.

Despite the firm’s rating downgrade NYSE:JWN is currently trading 0.33% higher at $54.69 as of 17:55 New York time. Nordstrom Inc.’s stock is down -20.82% over the last 200 days. It has underperformed the S&P500 Index, which has dropped -5.84% over the same time.

According to data compiled by Thomson Reuters, Nordstrom Inc (NYSE:JWN)’s stock is covered by 24 equity analysts across the Street, with 3 analysts giving it a Sell rating, 10 a Buy rating, while 18 consider it a Hold. The 12-month consensus target price for the stock is $52.88, which reflects an downside potential of 3.31% over the current price.

http://www.octafinance.com/nordstrom-inc-nysejwn-given-a-sell-rating-at-northcoast-research-lost-its-neutral-rating/

Higher spend on essentials, online bargains hit U.S. department stores

 Slumping same-store sales at upscale U.S. department store operator Nordstrom Inc could point to more than a glut in retailers’ inventories, not just a longer-than-usual spell of warm weather and fewer spendthrift tourists.

Trouble at Nordstrom – seen as head-and-shoulder above rivals such as Macy’s Inc and cheaper retailers including Kohl’s Corp in terms of style, quality and customer service – may indicate a permanent shift in the way people shop and what they buy, analysts said.

http://www.reuters.com/article/2015/11/13/us-nordstrom-results-research-idUSKCN0T21BM20151113#Zcg6jq1TPwF405V4.97