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Fly News Breaks for September 15, 2015
JWN
Sep 15, 2015 | 07:26 EDT
As noted earlier, Stifel upgraded Nordstrom to Buy from Hold. After meeting with the company's management, the firm says that management's tone was upbeat, while management expressed confidence in the company's long-term outlook. The firm expects the company's ROIC to rise and its EPS growth to accelerate in 2016 and beyond as its spending slows. Stifel is upbeat on the company's management team and strategy. Target $84.
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