Nordstrom price target raised to $15 from $14 at Barclays

Barclays raised the firm’s price target on Nordstrom to $15 from $14 and keeps an Underweight rating on the shares. The firm is encouraged to see the acceleration of Rack sales in Q4 and believes the banner can sustain positive comps into fiscal 2024, but we remains cautious on full-price with limited earnings growth in the near term.