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Stock Market & Financial Investment News

News Breaks
March 21, 2014
10:41 EDTJWN, TGTNordstrom postpones openings of Rack stores in Canada, Globe and Mail says
To avoid a repeat of Target’s (TGT) fumbled debut, Nordstrom (JWN) intends to postpone the introduction of its low-cost Rack stores in Canada until about 2017, whereas originally it was scheduled for 2015, The Globe and Mail reports. Reference Link
News For JWN;TGT From The Last 14 Days
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October 21, 2014
06:22 EDTTGTStaples may be latest retailer to be hacked, Krebs reports
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October 16, 2014
10:01 EDTJWNOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Akamai (AKAM) downgraded to Market Perform from Outperform at Wells Fargo... CGG SA (CGG) downgraded to Reduce from Neutral at Nomura... Central Valley Community (CVCY) downgraded to Hold from Buy at Sandler O'Neill... DSM (RDSMY) downgraded to Neutral from Buy at Nomura... Disney (DIS) downgraded at Guggenheim... Francesca's (FRAN) downgraded to Underperform from Outperform at Macquarie... Netflix (NFLX) downgraded to Fair Value from Buy at CRT Capital... Nordstrom (JWN) downgraded to Neutral from Outperform at Macquarie... Norfolk Southern (NSC) downgraded at Credit Suisse... Rio Tinto (RIO) downgraded to Market Perform at Cowen... Seadrill (SDRL) downgraded to Reduce from Neutral at Nomura... Ternium (TX) downgraded to Neutral from Overweight at JPMorgan... Urban Outfitters (URBN) downgraded to Neutral from Outperform at Macquarie... Viacom (VIAB) downgraded at BofA/Merrill... eBay (EBAY) downgraded to Underperform from Buy at CLSA... lululemon (LULU) downgraded to Underperform from Neutral at Macquarie.
05:48 EDTJWNNordstrom downgraded to Neutral from Outperform at Macquarie
Macquarie downgraded Nordstrom to Neutral after assuming coverage of the stock citing potential margin pressure in FY15 from incremental Trunk Club costs. The firm lowered its price target for shares to $70 from $77.
October 13, 2014
07:15 EDTTGTNational Association of Corporate Directors to hold a conference
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October 9, 2014
09:41 EDTTGTBofA/Merrill retail analysts hold an analyst/industry conference call
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08:01 EDTTGTTarget CEO hands-on with Canadian turnaround, Globe and Mail says
Brian Cornell, the new CEO of Target, told The Globe and Mail in an interview that he is taking a hands-on approach to repairing the company’s Canadian business and that he will travel north on a “regular” basis to oversee the turnaround. Reference Link
October 8, 2014
13:43 EDTJWNDepartment stores fall after J.C. Penney cuts view due to difficult environment
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