UPDATE: Stifel Downgrades Nordstrom, Sees Few New Store Opportunities

In a report published Thursday, Stifel analyst Richard Jaffe downgraded Nordstrom (NYSE: JWN ) from Buy to Hold and removed the $65.00 price target. On Thursday, Nordstrom reported fourth quarter and fiscal year 2013 earnings. The company reported fourth quarter EPS of $1.37, a 3% decrease from last year.