Susquehanna Remains Negative On Shares Of SUPERVALU (SVU), Lowers EPS Estimates

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Susquehanna is reiterating their Negative rating on SUPERVALU (NYSE: SVU) as they believe that 3Q11 will be characterized by significant market-share loss and sustained negative identical store sales. This will be the 11th consecutive quarter that SVU has had negative comps. The firm is lowering their 4Q11 and FY11 EPS estimates to $0.33 and $1.31 from $0.44 and $1.42 as they continue to see significant risk to the company's earnings and the bottom remains elusive.

For more ratings news on SUPERVALU click here and for the rating history of SUPERVALU click here.

Shares of SUPERVALU closed at $9.20 yesterday, with a 52 week range of $8.20-$17.89.

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