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Fly News Breaks for January 16, 2019
JWN
Jan 16, 2019 | 06:13 EDT
Piper Jaffray analyst Erinn Murphy lowered her price target for Nordstrom to $43 saying the company's Holiday's pre-release came in below expectations. The analyst keeps a Neutral rating on the shares. Some of the tailwinds of 2018's strong North American macro environment are nearing an end while geopolitical uncertainty rises, Murphy tells investors in a research note. Further, she believes department stores continue to have "structuring challenges" and remains concerned on the overall group into 2019.
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