Nordstrom price target raised to $18 from $15 at Barclays

Barclays raised the firm’s price target on Nordstrom to $18 from $15 and keeps an Underweight rating on the shares post the Q1 report. Continued acceleration of Rack comp sales coupled with a positive inflection in full-price is a positive indicator of the resilience of Nordstrom’s consumer and the company’s initiatives, the analyst tells investors in a research note.