Deutsche Bank upgrades to buy from hold

Lean inventories, contained costs and improving sales should propel profit growth at Nordstrom Inc., said Deutsche Bank analyst Bill Dreher on Nov. 2, upgrading the high-end department store to the firm's highest investment rating.

Nordstrom has cut prices to offset sliding sales, while offering high-quality merchandise, since last fall, said Dreher in a note to investors. The strategy is resonating with the chain's core customers, he said. He also said Nordstrom is taking market share. He expects sales at stores open at least a year to have grown 8% in October. In the second quarter, that measure declined 12.3% and has been moderating since then.

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sales in the second quarter declined 12.3%

but they expect in increase of 8% this quarter?

sounds like pump and dump to me

let's follow Douche Bank and see how well they do on their upgrade

they can't seem to post it enough

my guess, if the results are going to be that great and they know it, they would buy buy buy and shut their mouths mouths mouths

jmho