Nordstrom Reports Total Sales Growth of 6.6% and Comparable Sales Increase of 0.9%
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Nordstrom (JWN) Numbers Sliced at Piper Jaffray Following Disappointing Results But Remains Bullish
November 13, 2015 6:59 AM ESTPiper Jaffray analyst Neely Tamminga sliced her price target on Nordstrom (NYSE: JWN) to $68.00 (from $95.00) but reiterated an Overweight rating.
commented, "We are rattled a tinge in view of the deceleration across the board in Nordstrom's businesses, but believe the stock price... More
Traffic Slowdown Hits Comps; Cowen Cuts Price Target on Nordstrom (JWN) to $60
November 13, 2015 6:43 AM ESTCowen maintained an Outperform rating on Nordstrom (NYSE: JWN), and cut the price target to $60.00 (from $85.00), as traffic slows down for the company. 3Q comps of +0.9% were well below the Street's +3.6% estimate, as JWN saw a meaningful decrease in traffic across all channels, and comp... More
