We maintain our Neutral recommendation on Nordstrom Inc. (NYSE:JWN), a leading fashion specialty retailer in the United States, with a target price of $51 per share.
Our view is based on the company’s strong line up of globally recognized brands catering primarily to the upscale segment, enabling Nordstrom to generate high margin revenue. However, we remain on the sidelines due to the first-quarter earnings miss, intense competition and exposure to seasonal fluctuations. Nevertheless, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards