RBC Upgrade Blue Nile Predicted Stock Performance

Forbes reported analysts at RBC have raised Blue Nile’s (NASDAQ:NILE) expected stock performance for the year after the company took a hit on Thursday with lower than expected profits.

As quoted in the market news:

RBC Capital analyst Ross Sandler this morning lifted his rating on the online diamond retailer Blue Nile to Outperform from Sector Perform. Note that the stock was clobbered earlier this week following a highly disappointing Q4 financial report.