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Nordstrom price target lowered to $24 from $26 at Telsey Advisory

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Summary
Nutrition label

77% Informative

Telsey Advisory lowered the firm’s price target on Nordstrom (JWN) to $ 24 from $ 26 and keeps a Market Perform rating on the shares.

The Nordstrom take-private agreement did not come as a surprise to the firm, Telsey says.

While the valuation is better than other takeout proposals for department store spaces in the past, it does not come at a premium.

VR Score

64

Informative language

54

Neutral language

78

Article tone

formal

Language

English

Language complexity

50

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not offensive

Hate speech

not hateful

Attention-grabbing headline

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Known propaganda techniques

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Time-value

short-lived

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