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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.

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