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Gordon Haskett downgraded Nordstrom (NYSE:JWN) from Accumulate to Hold in a report released today.

Gordon Haskett has downgraded Nordstrom (NYSE:JWN) from Accumulate to Hold in a report released on 9/13/2017.

Previously on 8/11/2017, Wolfe Research reported on Nordstrom (NYSE:JWN) increased the target price from $45.00 to $47.00. At the time, this indicated a possible upside of 0.05%.

Yesterday Nordstrom (NYSE:JWN) traded 5.15% higher at $45.05. The company’s 50-day moving average is $46.00 and its 200-day moving average is $45.61. The last closing price is down 3.86% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time period. 4,117,296 shares of the stock traded hands, up from an average trading volume of 1,975,190

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Nordstrom (NYSE:JWN)

Nordstrom has a 52 week low of $39.53 and a 52 week high of $62.82 with a P/E ratio of 22.44 Nordstrom’s market capitalization is presently $0.

A total of 26 analysts have released a report on Nordstrom. Four analysts rating the company a strong buy, six analysts rating the company a buy, seventeen analysts rating the company a hold, two analysts rating the company a underperform, and finally one analyst rating the company a sell with a 12-month price target of $42.88.

General Company Details For Nordstrom (NYSE:JWN)

Nordstrom, Inc. is a fashion specialty retailer in the United States. The Company's segments include Retail and Credit. As of March 20, 2017, the Company operated 344 the United States stores located in 40 states as well as an e-commerce business. The Company also offers its customers a variety of payment products and services, including credit and debit cards. As of March 20, 2017, the Retail segment included its 117 Nordstrom-branded full-line stores in the United States and Nordstrom.com, 216 off-price Nordstrom Rack stores, five Canada full-line stores, Nordstromrack.com/HauteLook, seven Trunk Club clubhouses and TrunkClub.com, two Jeffrey boutiques and two clearance stores that operate under the name Last Chance. The Company, through Credit segment, allows its customers to access a range of payment products and services, including a Nordstrom-branded private label card, approximately two Nordstrom-branded Visa credit cards and a debit card for Nordstrom purchases.

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