Nordstrom (JWN) volatility flat into downgrade to Neutral at Citigroup

Nordstrom (NYSE: JWN) overall option implied volatility of 31 is near its 26-week average according to Track Data, suggesting non-directional price movement into a downgraded to Neutral from Buy at Citigroup and the firm lowering its price target for shares to $52 from $63.

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