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Fly News Breaks for May 13, 2016
JWN
May 13, 2016 | 07:59 EDT
After Nordstrom reported weaker than expected Q1 results, Stifel continues to expect the company to benefit in the longer term from investments that it's currently making. The firm expects the company's EPS growth to accelerate going forward, and it says that the company's growth units are performing well. Stifel cut itsprice target on the shares to $54 from $66 but keeps a Buy rating on the stock.
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