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Stock Market & Financial Investment News

News Breaks
May 20, 2014
16:49 EDTJWNNordstrom announces Jamie Nordstrom will now be president of stores
Nordstrom announced that two executive team members, Erik Nordstrom and Jamie Nordstrom, are exchanging roles to further strengthen the company's core commitment to improving the customer experience. Erik Nordstrom, formerly president of stores, will now be president of Nordstrom Direct. Jamie Nordstrom, formerly president of Nordstrom Direct, will now be president of stores. Erik will continue to sit on the Nordstrom Board of Directors. "Customers view us as one Nordstrom our challenge is to act like one Nordstrom," said Erik Nordstrom, President of Nordstrom Direct. "As we work to further leverage our capabilities across Nordstrom stores and Nordstrom.com in what today is a growing $10B regular price business, we believe this move will help us meet that goal."
News For JWN From The Last 14 Days
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October 22, 2014
09:50 EDTJWNCredit Suisse to hold a field trip
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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.

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