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Piper Jaffray Reiterates Overweight on Nordstrom (JWN) - PT to $62
February 19, 2016 7:47 AM ESTPiper Jaffray maintained an Overweight rating on Nordstrom (NYSE: JWN), and cut the price target to $62.00 (from $68.00), following the company's 4Q. JWN offered their initial 2016/FY17E guidance below the consensus mark. This guidance reflects net sales increase of 3.5% to 5.5% driven by new store growth and a flat to +2% comparable-store sales gain for the year. Piper... More
Cowen Cuts Price Target as Nordstrom's (JWN) Weak Traffic Continue Through 4Q
February 19, 2016 6:51 AM ESTCowen maintained an Outperform rating on Nordstrom (NYSE: JWN), and cut the price target to $53.00 (from $55.00), following the company's 4Q earnings report. JWN provided initial FY16 EPS guidance of $3.10-3.35. This EPS guide implies FY16 EPS growth of -6% to +1%... More
Wal-mart (WMT) Tops Q4 EPS by 3c; Trims FY17 Sales Outlook
February 18, 2016 7:03 AM ESTWal-mart (NYSE: WMT) reported Q4 EPS of $1.49, $0.03 better than the analyst estimate of $1.46. Revenue for the quarter came in at $131.6 billion versus the consensus estimate of $130.65 billion.
Comp sales at Walmart U.S. were positive for the sixth consecutive quarter, up 0.6%, driven by the fifth consecutive quarter of... More
