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Why Nordstrom Stock Rose 4.6% Last Week

Sharon Bailey
Why Nordstrom Stock Rose 4.6% Last Week

Nordstrom (JWN) stock surged 4.6% last week. The upscale department store is up 38.7% on a YTD (year-to-date) basis. On September 4, Goldman Sachs initiated coverage with a “buy” rating and a price target of “73,” and the stock reacted positively.