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JWN

Nordstrom

$44.89

-1.99 (-4.24%)

16:08
08/10/17
08/10
16:08
08/10/17
16:08

Nordstrom raises FY17 EPS view to $2.85-$3.00 from $2.75-$3.00, consensus $2.96

Raises FY17 net sales growth view to roughly 4% from 3%-4%, consensus $15.28B. Backs FY17 SSS growth view of approximately flat.

  • 10

    Aug

  • 23

    Aug

JWN Nordstrom
$44.89

-1.99 (-4.24%)

07/14/17
JPMS
07/14/17
NO CHANGE
JPMS
Underweight
JPMorgan keeps Underweight on Nordstrom after management meetings
JPMorgan analyst Matthew Boss keeps an Underweight rating on Nordstrom (JWN) after meeting management at the company's headquarters. Management would not comment on their evaluation of strategic alternatives and the meeting was reshuffled to exclude members of the Nordstrom family while incoming CFO Anne Bramman attended but did not actively participate, Boss tells investors in a research note. The analyst views the company's EBITDA roadmap as "increasingly uncertain" with a greater emphasis on fashion to differentiate mix versus Amazon.com (AMZN) and rising costs of customer acquisition. He believes the retailer's fundamental multi-year risk profile is elevated.
06/21/17
GDHS
06/21/17
NO CHANGE
GDHS
Nike-Amazon pact yet another department store headwind, says Gordon Haskett
Gordon Haskett analyst noted the reports of Nike (NKE) nearing a deal to sell directly on Amazon (AMZN), which he said wouldn't impact trends overnight but would represent another headwind for department stores, particularly J.C. Penney (JCP) and Kohl's (KSS), where the brand has a larger penetration than at Macy's (M) and Nordstrom (JWN). He keeps an Accumulate rating on Nordstrom, a Hold rating on Macy's and Reduce rating on both J.C. Penney and Kohl's.
06/14/17
CLVD
06/14/17
NO CHANGE
CLVD
Nordstrom Q2 comps likely trending below consensus at Cleveland Research
06/09/17
06/09/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Snap (SNAP) downgraded to Neutral from Buy at Citi with analyst Mark May saying a slower than expected roll-out of new platforms and channels like self-serve is slowing down the pace of monetization growth. 2. Domino's Pizza (DPZ) downgraded to Neutral from Buy at Longbow with analyst Alton Stump saying his checks indicate second quarter domestic franchised comparables are up 6.25%-6.75%, versus consensus of 7.4%, and recommends investors take a pause on putting new money to work given recent share strength. 3. Nordstrom (JWN) downgraded to Neutral from Buy at Guggenheim with analyst Michael Binetti saying he does not see much further upside potential, even in a leveraged buyout scenario. The analyst believes a going private buyer could only pay $46 per share to generate a 10% internal rate of return. 4. Cantel Medical (CMD) downgraded to Hold from Buy at Benchmark with analyst Raymond Myers saying that he is increasingly concerned that its comparisons become tougher in the next two quarters. 5. Endo (ENDP) downgraded to Hold following Opana ER removal from market at Stifel with analyst Annabel Samimy saying Endo's recovery "just got harder" following the FDA's request for the company to voluntarily remove Opana ER from the market. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

EL

Estee Lauder

$98.32

-2.75 (-2.72%)

06:46
08/18/17
08/18
06:46
08/18/17
06:46
Earnings
Estee Lauder sees FY18 revenue growth 7%-8%, consensus $12.6B »

CEO Freda continued,…

03/08/13
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03/08/13
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  • 18

    Aug

CPN

Calpine

$13.50

-0.42 (-3.02%)

06:45
08/18/17
08/18
06:45
08/18/17
06:45
Hot Stocks
Breaking Hot Stocks news story on Calpine »

Calpine to be acquired by…

03/08/13
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EL

Estee Lauder

$98.32

-2.75 (-2.72%)

06:45
08/18/17
08/18
06:45
08/18/17
06:45
Earnings
Estee Lauder reports Q4 adjusted EPS 51c, consensus 43c »

Reports Q4 revenue…

03/08/13
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  • 18

    Aug

06:45
08/18/17
08/18
06:45
08/18/17
06:45
General news
FX Action: The dollar has lifted from lows »

FX Action: The dollar…

KO

Coca-Cola

$45.86

-0.34 (-0.74%)

, PEP

PepsiCo

$118.39

-0.71 (-0.60%)

06:44
08/18/17
08/18
06:44
08/18/17
06:44
Periodicals
Coca-Cola to replace PepsiCo as Arby's beverage supplier, Bloomberg says »

Coca-Cola (KO) will…

KO

Coca-Cola

$45.86

-0.34 (-0.74%)

PEP

PepsiCo

$118.39

-0.71 (-0.60%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 16

    Nov

URI

United Rentals

$111.82

-0.15 (-0.13%)

06:42
08/18/17
08/18
06:42
08/18/17
06:42
Upgrade
United Rentals rating change  »

United Rentals upgraded…

03/08/13
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03/08/13
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03/06/13
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  • 22

    Aug

DE

Deere

$123.98

-2.65 (-2.09%)

06:40
08/18/17
08/18
06:40
08/18/17
06:40
Earnings
Deere raises FY17 net sales and revenue guidance to up 11% from up 9% »

Company equipment sales…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 18

    Aug

  • 22

    Nov

PNM

PNM Resources

$41.70

-0.3 (-0.71%)

06:39
08/18/17
08/18
06:39
08/18/17
06:39
Downgrade
PNM Resources rating change  »

PNM Resources downgraded…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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CVX

Chevron

$105.92

-0.92 (-0.86%)

06:38
08/18/17
08/18
06:38
08/18/17
06:38
Periodicals
Chevron withdraws appeal of Australian tax bill, Reuters says »

Chevron has decided to…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 13

    Sep

LB

L Brands

$37.55

-1.4 (-3.59%)

06:38
08/18/17
08/18
06:38
08/18/17
06:38
Recommendations
L Brands analyst commentary  »

L Brands dividend yield…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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DE

Deere

$123.98

-2.65 (-2.09%)

06:36
08/18/17
08/18
06:36
08/18/17
06:36
Earnings
Breaking Earnings news story on Deere »

Deere raises FY17 net…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 18

    Aug

  • 22

    Nov

HSY

Hershey

$107.85

1.81 (1.71%)

06:35
08/18/17
08/18
06:35
08/18/17
06:35
Recommendations
Hershey analyst commentary  »

Citi says Hershey…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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HIBB

Hibbett Sports

$11.50

-0.3 (-2.54%)

06:34
08/18/17
08/18
06:34
08/18/17
06:34
Hot Stocks
Hibbett Sports sees 'continued soft sales' for remainder of FY18 »

The company is updating…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 18

    Aug

RAVN

Raven

$33.45

-0.975 (-2.83%)

06:34
08/18/17
08/18
06:34
08/18/17
06:34
Initiation
Raven initiated  »

Raven initiated with a…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 24

    Aug

PACW

PacWest Bancorp

$44.13

-1.63 (-3.56%)

06:34
08/18/17
08/18
06:34
08/18/17
06:34
Initiation
PacWest Bancorp initiated  »

PacWest Bancorp initiated…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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CATY

Cathay General

$34.97

-0.94 (-2.62%)

06:34
08/18/17
08/18
06:34
08/18/17
06:34
Initiation
Cathay General initiated  »

Cathay General initiated…

03/08/13
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HIBB

Hibbett Sports

$11.50

-0.3 (-2.54%)

06:33
08/18/17
08/18
06:33
08/18/17
06:33
Hot Stocks
Hibbett Sports CEO says 'experienced a very difficult retail environment' in Q2 »

Jeff Rosenthal, President…

03/08/13
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03/08/13
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  • 18

    Aug

DE

Deere

$123.98

-2.65 (-2.09%)

06:33
08/18/17
08/18
06:33
08/18/17
06:33
Earnings
Deere reports Q3 EPS $1.97, consensus $1.95 »

Reports Q3 net sales and…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 18

    Aug

  • 22

    Nov

HIBB

Hibbett Sports

$11.50

-0.3 (-2.54%)

06:32
08/18/17
08/18
06:32
08/18/17
06:32
Earnings
Hibbett Sports cuts FY18 EPS view to $1.25-$1.35 from $2.35-$2.55 »

FY18 consensus $1.74.…

03/08/13
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  • 18

    Aug

PM

Philip Morris

$115.93

-1.8 (-1.53%)

06:32
08/18/17
08/18
06:32
08/18/17
06:32
Periodicals
India threatens Philip Morris with 'punitive action', Reuters reports »

India's federal…

03/08/13
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MTZ

MasTec

$39.20

0.45 (1.16%)

, PWR

Quanta Services

$33.83

-0.44 (-1.28%)

06:32
08/18/17
08/18
06:32
08/18/17
06:32
Upgrade
MasTec, Quanta Services rating change  »

MasTec upgraded to Buy…

MTZ

MasTec

$39.20

0.45 (1.16%)

PWR

Quanta Services

$33.83

-0.44 (-1.28%)

03/08/13
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03/06/13
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03/06/13
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HIBB

Hibbett Sports

$11.50

-0.3 (-2.54%)

06:31
08/18/17
08/18
06:31
08/18/17
06:31
Earnings
Hibbett Sports reports Q2 EPS (15c), consensus (20c) »

Reports Q2 revenue $188M,…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 18

    Aug

PWR

Quanta Services

$33.83

-0.44 (-1.28%)

06:29
08/18/17
08/18
06:29
08/18/17
06:29
Upgrade
Quanta Services rating change  »

Quanta Services upgraded…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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UMPQ

Umpqua Holdings

$17.02

-0.49 (-2.80%)

06:27
08/18/17
08/18
06:27
08/18/17
06:27
Initiation
Umpqua Holdings initiated  »

Umpqua Holdings initiated…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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GOOG

Alphabet

$910.98

-15.98 (-1.72%)

, GOOGL

Alphabet Class A

$927.66

-16.61 (-1.76%)

06:26
08/18/17
08/18
06:26
08/18/17
06:26
Hot Stocks
YouTube TV expands in 14 new U.S. markets, plans to launch in additional markets »

Google has expanded its…

GOOG

Alphabet

$910.98

-15.98 (-1.72%)

GOOGL

Alphabet Class A

$927.66

-16.61 (-1.76%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 18

    Aug

  • 24

    Aug

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