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Order Reprints Text size A shuttered entrance to the Nordstrom department store is seen in the Pentagon City Mall in Arlington, Va. Mandel Ngan/AFP via Getty Images Nordstrom stock is dropping after the department store released mixed preliminary holiday sales figures. Late Wednesday, Nordstrom (ticker: JWN) said that net sales fell 22% year over year for the nine-week holiday period ended Jan. 2, in line with the company’s and analysts’ expectations. What spooked investors was the company’s call for its margins on earnings before interest and taxes, or EB...

Order Reprints Text size J.P. Morgan analyst Matthew Boss downgraded shares of specialty-apparel retailer Urban Outfitters to Underweight. He’s concerned about sales going forward. George Etheredge/Bloomberg Urban Outfitters is falling early Thursday, following a downgrade from J.P. Morgan, which warns that disappointing holiday sales aren’t the specialty-apparel retailer’s only worry. Analyst Matthew Boss cut his rating on Urban Outfitters (ticker: URBN) to Underweight from Neutral, and established a $26 price target on the stock, citing the company’s ...

By Jack Denton Order Reprints Print Article The owner of retail giant Primark estimates that the loss of sales from store closures caused by the Covid-19 pandemic will cost the company £1.05 billion ($1.43 billion), as it moves to expand further into the U.S. market. Primark operates 11 stores in the U.S., mostly on the East Coast. Shares in Associated British Foods, which owns Primark, rose 1% in London trading, as it reported results for its grocery, sugar, agriculture, and ingredients businesses that outpaced expectations. The... Close Store Closures Due to Cov...

Exxon Mobil, everything seems to be working out for the company in 2021. As of Thursday afternoon, shares of Exxon (ticker: XOM)—up more than 4% on the day -- were on track for their ninth consecutive gain. The stock has risen 22% in that period. It has gotten some help from regulators in recent days. A pipeline in the Permian Basin in which the company has a 30% stake won approval from the Federal Energy Regulatory Commission this week. And Exxon is suddenly getting a warm welcome on Wall Street, raising the possibility that fund managers will give it another look. Analysts at both ...

Chipotle Mexican Grill could benefit from growing interest in ESG investing. David Paul Morris/Bloomberg Chipotle Mexican Grill stock rose some 60% in 2020, but the burrito chain’s rally isn’t over yet, according to RBC Capital. Analyst Christopher Carril boosted his rating on Chipotle Mexican Grill (ticker: CMG) to Outperform from Market Perform, and lifted his price target to $1,650 from $1,320. He argues that the stock has legs because the company continues to expand when much of the broader restaurant industry is not. Chipotle was up 1.4% to $1,415 in morning trad...