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Fly News Breaks for January 23, 2018
JWN
Jan 23, 2018 | 08:52 EDT
William Blair analyst Dylan Carden downgraded Nordstrom to Market Perform from Outperform saying the shares are approaching what he considers fair value in the mid-$50 range. The analyst sees risk to the company's initial 2018 margin guidance and would look to get more constructive later in the year. He also remains skeptical that the Nordstrom family can arrange the necessary financing to take the company private.
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