Nordstrom went into the final month of the holiday shopping season on a high note after better-than-expected earnings
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Wedbush analysts more than doubled their price target on Nordstrom Inc. JWN, +3.99%, moving it to $35 from $17, based on proprietary data showing that the department store retailer had a strong holiday shopping season.
“Our data shows Nordstrom running above-consensus gross margin, and net sales through fourth-quarter to-date,” analysts led by Jen Redding wrote in a note to clients.
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