Nordstrom and Peers Fall on Bleak Analyst Comments

Shares of Nordstrom plunged nearly 9% on Friday after JPMorgan downgraded the stock from neutral to underweight with a price target of $48. JPMorgan analyst Matthew Boss claimed that the struggling department store chain had “no silver bullets in the barrel” to revive its stagnant sales, and that it had “yet to find an equilibrium” between brick-and-mortar stores and e-commerce efforts. …read more

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Category: JWN

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