Nordstrom Inc (JWN)

[arnesar]

Just wondering what is holding this stock back from going up 5-10%? I guess just wait and see.
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NORDSTROM (JWN) POSTS Q3. REVISES OUTLOOK. CARIS LOWERS ESTIMATES
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SNPMarketScopeViewsNews2011-11-11 09:10:11.000JWNNORDSTROM INC.STACY TROMBINONORDSTROM (JWN) POSTS Q3. REVISES OUTLOOK. CARIS LOWERS ESTIMATESAnalyst Dorothy Lakner tells salesforce $0.59 Q3 EPS was in line with Street, but below her $0.62 est mainly due to higher retail expenses. Also, notes mgmt narrowed FY 12 (Jan) guidance to $3.05-$3.10 from $2.95-$3.10, which is still below consensus. Says Q4 comp compares are tougher. Lowers $1.14 Q4 EPS to $1.11, $3.20 FY 12 to $3.15. That said, believes JWN continues to benefit from strong spending by affluent customers. Believes as JWN continues to expand in comings years, shares should more fully reflect its growth potential. Reiterates buy, $58 target. S.Trombino|US;JWN|20820|US|175284