Nordstrom falls as uncertain holiday season looms
** Apparel and footwear retailer Nordstrom's JWN.N shares down as much as 11% at $21.82
** After market close on Tuesday, JWN slightly raised the lower end of its annual comparable sales forecast owing to soft demand against a backdrop of tough discretionary spending environment
** Slowing sales trends in late October could indicate that the holiday outlook is not great for co - Morningstar analyst David Swartz
** Stock set for its worst session since March if losses hold
** TD Cowen says inventory growth is a key risk which could indicate future markdowns and a pullback of sales starting the last week of October into November
** "We note the potential for the stock to trade around the Nordstrom family's $23 offer price... as valuation is likely anchored by the likelihood of this transaction," - TD analyst Oliver Chen
** At least four brokerages raised PT on stock; median PT of 19 analysts is $23
** YTD stock has risen 18.59%, including session's moves
Reporting by Aamir Sohail in Bengaluru
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