Deutsche Bank lowers the boom on department stores, dropping estimates on Nordstrom (JWN -1.2%),...

|About: Nordstrom Inc. (JWN)|By:, SA News Editor

Deutsche Bank lowers the boom on department stores, dropping estimates on Nordstrom (JWN -1.2%), Macy's (M -0.7%), and Target (TGT -0.6%). The action isn't a surprise after November same store sales numbers came in weaker than anticipated. The level of promotional activity in the sector is also catching the watchful eyes of analysts.