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Nordstrom’s Valuation Is Upgraded Following 2Q15 Results

Nordstrom Outperforms Department Store Peers in 2Q15

(Continued from Prior Part)

Stock price movement

As of August 17, Nordstrom (JWN) was trading at a stock price of $79.04, up 0.9% since the beginning of 2015. The company’s stock price surged by 4.3% on August 14, following the announcement of 2Q15 results after the close of financial markets on August 13.

Macy’s (M) stock price has declined by 4.2% since the start of this year as the company posted disappointing results in the first half of 2015 and issued a bleak outlook for the year. JCPenney’s (JCP) share price increased by 41.8% over the same period as the company’s turnaround efforts showed...