5 Biggest Gainers on Thursday

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In this article, we discuss the 5 biggest gainers on Thursday. If you want to check out some more stocks gaining value today, go directly to 10 Biggest Gainers on Thursday.

5. Nordstrom, Inc. (NYSE:JWN)

Number of Hedge Fund Holders: 31

Shares of Nordstrom, Inc. (NYSE:JWN) moved up this morning after Jefferies turned bullish on the luxury department store chain. Jefferies analyst Ashley Helgans improved her ratings for Nordstrom from “Hold” to “Buy,” citing the company’s higher-income customer base.

Helgans thinks the company’s shoppers are relatively wealthier, giving Nordstrom, Inc. (NYSE:JWN) a structural edge during an economic slowdown. Helgans’ latest coverage is based on a survey indicating that 70 percent of millennials and Generation Z shoppers plan to refresh their wardrobe in the coming months. She also raised her price target for Nordstrom, Inc. (NYSE:JWN) from $21 per share to $24 per share.

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