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Fly News Breaks for January 5, 2016
JWN
Jan 5, 2016 | 07:16 EDT
Citi analyst Paul Lejuez downgraded Nordstrom to Neutral saying the retailer will have a hard time reigniting sales amid high inventory and "intense promos" at many mall competitors. He cut his price target for the shares to $52 from $65.
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