Nordstrom Stock Has Tumbled. Here’s Why It Could Be Time to Buy.

Barron's

Nordstrom is flying more than 20% early Monday, following an upgrade from Telsey Advisory Group, one of only four firms recommending investors buy the beleaguered department store’s shares.

Analyst Dana Telsey boosted her rating on Nordstrom (ticker: JWN) to Outperform from Market Perform, while maintaining a $17 price target. She writes that the company’s “differentiated business model is pivoting toward offense—an attractive position in which to gain profitable market share—while being bolstered by its strong financial position.”

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