Nordstrom (JWN) May 50 straddle priced for movement of 8% into Q1

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Nordstrom (JWN) PT Lowered to $42 at Instinet; Reiterates Neutral

May 12, 2017 9:07 AM EDT

Instinet lowered its price target on Nordstrom (NYSE: JWN) to $42.00 (from $44.00) while maintaining a Neutral rating. Lighter-than-anticipated sales vs. JWNs internal expectations was offset by SG&A leverage, which drove a 10c EPS beat.

JWN continues to see growth via opptys including... More