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MORGAN STANLEY: We just witnessed Nordstrom’s strongest quarter of the year (JWN)





Nordstrom

  • Nordstrom‘s second-quarter results beat on both the top and bottom lines, sending shares up more than 11%.
  • “We expect 2Q will be the strongest quarter in 2018,” analysts from Morgan Stanley said.
  • Morgan Stanley raised its price target to $47 — 11% below where shares settled Thursday.
  • Watch Nordstrom’s stock price in real-time here.

Morgan Stanley says the second quarter was as good as it gets for Nordstrom this year.

On Thursday, the retailer reported second-quarter results that topped Wall Street estimates on both the top and bottom lines. It earned an adjusted $0.95 a share on revenue of $4.07 read more >>>

Source:: BusinessInsider.Com

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