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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