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

Morgan Stanley says they just witnessed Nordstrom’s strongest quarter of the year, and are raising their price target.

  • "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.

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