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Fly News Breaks for May 23, 2018
JWN
May 23, 2018 | 04:54 EDT
Deutsche Bank analyst Paul Trussell upgraded Nordstrom to Buy and raised his price target for the shares to $55 from $52. The analyst views the 10% pullback in shares since the retailer's Q1 results as overdone. Nordstrom has the best developed digital strategy within retail and the stock is now "on sale," Trussell tells investors in a research note.
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