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Actionable news in JWN: NORDSTROM Inc,

Nordstrom (JWN) Stock Gets ‘Sector Perform’ Rating at RBC

NEW YORK (TheStreet) -- Before Wednesday's market open, Nordstrom (JWN - Get Report) stock was initiated with a "sector perform" rating and a $51 price target at RBC Capital Markets.

The retailer's shares are expected to "trade within their historical ranges" as retailers "face an uphill battle convincing investors that top and bottom line initiatives can stave off secular pressures," RBC analysts said in a note this morning.

The firm also began coverage on Macy's (M) with a "sector perform" rating and Kohl's (KSS) with an "underperform" rating as analysts remain conservative about retailers following two weak quarters.

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