Nordstrom Posting Notable Loss On Downgrade By Cowen

Shares of Nordstrom (JWN) have climbed off their worst levels of the day but continue to see notable weakness in late-day trading on Monday. After hitting its lowest intraday level in a month, Nordstrom is currently down by 2.7 percent.

Nordstrom initially came under pressure after Cowen downgraded its rating on the department store chain's stock to Market Perform from Outperform.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Shares of HSBC Holdings Plc were gaining in London and Hong Kong trading after the Asia-focused lender reported Monday that its first-half profit more than doubled, despite weak revenues. Looking ahead, the company said while uncertainties remain, the outlook is more positive with evidence of growth in strategic areas. After Disney World, retail giant Walmart Inc. (WMT) makes it mandatory for all its employees to wear mask on their facilities in the "high-risk" states where the Delta variant of Coronavirus has become menacing. The orders will be in effect immediately. The Center for Disease Control and Prevention... Generac Power Systems is recalling 325,735 units of Generac and DR 6500 Watt and 8000 Watt portable generators for potential risk of finger amputation and crushing hazards, a statement by the U.S. Consumer Product Safety Commission (CPSC) showed. These include 4,575 units sold in Canada.
Follow RTT