Nordstrom Reports First Quarter 2016 Earnings

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Nordstrom (JWN) PT Cut to $40 at Credit Suisse

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