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Fly News Breaks for February 24, 2017
JWN
Feb 24, 2017 | 07:25 EDT
UBS analyst Michael Binetti lowered his price target on Nordstrom to $51 from $64 following Q4 results. The analyst lowered his estimates on slower same-store-sales. Binetti maintained his Buy rating on Nordstrom citing strong gross margins, solid inventory control, and several new drivers that make the company's guidance look conservative.
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