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)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。