Citi Heads for Checkout Line at Nordstrom -- Market Talk

Dow Jones

2025/04/04

0724 ET - The pending takeover of Nordstrom helped protect shares of the department-store chain from Thursday's tariff-induced selloff, but now it's time to sell, say analysts at Citi, who downgrade the stock from neutral. Citi says "the probability is not 100%," that Nordstrom's deal to be taken private by its founding family and Mexican retailer El Puerto de Liverpool goes through given current circumstances. The analysts note that while a successful close offers only 1% upside to Thursday's closing price of $23.96, they see significant downside of as much as 30% if the deal falls apart. Nordstrom down 2.3% premarket to $23.42. (colin.kellaher@wsj.com)

(END) Dow Jones Newswires

April 04, 2025 07:25 ET (11:25 GMT)

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Citi says \"the probability is not 100%,\" that Nordstrom's deal to be taken private by its founding family and Mexican retailer El Puerto de Liverpool goes through given current circumstances. The analysts note that while a successful close offers only 1% upside to Thursday's closing price of $23.96, they see significant downside of as much as 30% if the deal falls apart. Nordstrom down 2.3% premarket to $23.42. 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Citi says \"the probability is not 100%,\" that Nordstrom's deal to be taken private by its founding family and Mexican retailer El Puerto de Liverpool goes through given current circumstances. The analysts note that while a successful close offers only 1% upside to Thursday's closing price of $23.96, they see significant downside of as much as 30% if the deal falls apart. Nordstrom down 2.3% premarket to $23.42. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4103":"百货商店","BK4588":"碎股","JWN":"诺德斯特龙","BK4585":"ETF&股票定投概念","BK4220":"综合零售"},"translate_title":"花旗前往诺德斯特龙(Nordstrom)结账线——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"JWN":1},"content_text":"0724 ET - The pending takeover of Nordstrom helped protect shares of the department-store chain from Thursday's tariff-induced selloff, but now it's time to sell, say analysts at Citi, who downgrade the stock from neutral. Citi says \"the probability is not 100%,\" that Nordstrom's deal to be taken private by its founding family and Mexican retailer El Puerto de Liverpool goes through given current circumstances. The analysts note that while a successful close offers only 1% upside to Thursday's closing price of $23.96, they see significant downside of as much as 30% if the deal falls apart. Nordstrom down 2.3% premarket to $23.42. (colin.kellaher@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  April 04, 2025 07:25 ET (11:25 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}