Wedbush analyst Jen Redding lowered her price target for Nordstrom to $35 from $40 after the company reported "disappointing" Q1 results and a "dismal outlook." While the analyst believes that it is within management's ability to rectify issues, with all data points inflecting negatively so quickly, deterioration continuing into May, and investors adjusting to less visibility on the horizon, she sees the turnaround as likely paused for now. Redding reiterates a Neutral rating on the shares.
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
Check out this morning's top movers from around Wall Street, compiled by The Fly.  HIGHER - Paramount (PARA)... To see the rest of the story go to thefly.com. See Story Here