Cantor Fitzgerald Starts SUPERVALU (SVU) at Buy; See Improvements Over Balance of FY:12

Cantor Fitzgerald initiates coverage on SUPERVALU (NYSE: SVU) with a Buy. PT $10.00.

Cantor analyst said, "Although Supervalu continues to have the most structurally disadvantaged outlook among the largest conventional food retail chains, we view the risk/reward profile favorably at this time. Valuation considerations alone are compelling, but we believe SVU is well positioned to meet or beat the current FY:12 (ending February) earnings guidance range of $1.20-$1.30 per share. Despite its legacy as a value trap, the downside risk is limited, in our view. SVU's sales and earnings trajectory appears to have stabilized somewhat over the last two quarters."

For an analyst ratings summary and ratings history on SUPERVALU click here. For more ratings news on SUPERVALU click here.

Shares of SUPERVALU closed at $7.07 yesterday.

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