UPDATE: UBS Initiates Retail Coverage: Macy's, JC Penney, Saks, Nordstrom, Kohl's
UBS initiated Nordstrom at Buy, with a $63 price target. UBS initiated Kohl's, JC Penney, Macy's, and Saks with Neutral ratings and price targets of $53, $36, $43, and $12 respectively.
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