Nordstrom (JWN) Misses Q1 EPS by 20c, Cuts FY EPS Guidance
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May 13, 2016 9:08 AM EDT
Credit Suisse analyst M. Exstein reiterated a Neutral rating and cut his price target on Nordstrom (NYSE: JWN) to $40.00 (from $55.00).
Exstein commented, "Nordstrom is the third major mall anchor in a row to report significant declines in sales and profitability, as the... More
May 13, 2016 6:48 AM EDT
Cowen analyst, Oliver Chen, noted the Nordstrom (NYSE: JWN) quarter was tough for full line and online, but rack showed some improvement. Comps of -1.7% the Street's +0.1% ests as JWN's full-line business came in weaker than expected, while off-price was modestly better than expected.... More
May 13, 2016 6:36 AM EDT
Piper Jaffray analyst Neely J.N. Tamminga lowered her price target on Neutral-rated Nordstrom (NYSE: JWN) to $45.00 (from $62.00) following weak results and outlook.
Tamminga commented, "We are adjusting our estimates on JWN shares on the heels of its FQ1 release in which... More
