Morgan Stanley Remains On the Sidelines Following Nordstrom's Q4 Report

Morgan Stanley released a note following Nordstrom's (NYSE: JWN ) fourth quarter results . Analyst Kimberly Greenberger rates the stock Equalweight. Greenberger feels “until the heightened investment cycle passes, 10%+ EPS growth likely remains elusive unless comps accelerate meaningfully.” CapEx spending of $3.9 billion for 2014-2018 reflects “aggressive online and