Barclays raised the firm’s price target on Nordstrom (JWN) to $24 from $23 and keeps an Equal Weight rating on the shares. The firm says preliminary Q4 results for the specialty retailers are strong, as holiday demand topped expectations. The consumer remains resilient and is responding to promotions, the analyst tells investors in a research note.
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Read More on JWN:
- Lululemon (NASDAQ:LULU) Rises after Raising Q4 Forecast
- Upbeat Nordstrom (NYSE:JWN) Lifts Sales Guidance on Happier Holiday Season
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