Nordstrom (JWN) Tops Q2 EPS by 11c, Raises FY Outlook
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/19/2026
- S&P 500, Nasdaq advance, turning the page on a tumultuous week
- Oil slides after China asks Iran to limit Houthi attacks on Saudi oil facilities
- Warren Buffett transitions to Berkshire’s chairman emeritus
- Is the S&P 500 in an "earnings bubble"? Goldman weighs in
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
- S&P 500, Nasdaq advance, turning the page on a tumultuous week
- Wells Fargo Downgrades Netflix (NFLX) to Underweight on Engagement Risks, 'We see tougher choices ahead'
- Anthropic and Accenture partner on embedded AI safety evaluation
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
- SanDisk stock rallies on AI optimism and Fed relief
S&P Lowers Outlook on Nordstrom (JWN) to Negative Following Q2 Results; Ratings Affirmed
August 12, 2016 11:12 AM EDTS&P Global Ratings today revised its outlook on Nordstrom Inc. (NYSE: JWN) to negative from stable. At the same time, we affirmed all ratings, including the 'BBB+' corporate credit rating.
"The outlook revision reflects our expectation that the company's soft operating performance trends will likely persist over the next 12 to 24 months, resulting in leverage weakening to the mid-2.0x area, and that operating performance and leverage could be worse than our base-case scenario. Along with many department stores, Nordstrom has seen profitability increasingly pressured by competition from online, fast-fashion, and off-price... More
