Dahlman Rose Starts SUPERVALU (SVU) at Hold, Waiting For Strong Signs Before Hopping In
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Price: $6.46 -5%
Rating Summary:
1 Buy, 10 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Rating Summary:
1 Buy, 10 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Trade SVU Now!
Dahlman Rose initiates coverage on shares of SUPERVALU (NYSE: SVU) with a Hold rating.
The company has been weak execution and lack of investments has led to a large sales and profit decline since the Albertsons acquisition in 2006, which began transforming the company from a distributor to a retailer.
An analyst at Dahlman Rose comments, "SVU is a cheap stock, but has been a value trap due to deteriorating sales and profitability trends. Management is finally putting measures in place that could turn the business around, but success needs to come quickly. We would prefer to see evidence of traction before jumping in."
The firm currently forecasts Q1 and FY12 EPS of $0.29 and $1.32.
For more ratings news on SUPERVALU click here and for the rating history of SUPERVALU click here.
Shares of SUPERVALU closed at $9.06 yesterday, with a 52 week range of $7.06-$12.45.
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The company has been weak execution and lack of investments has led to a large sales and profit decline since the Albertsons acquisition in 2006, which began transforming the company from a distributor to a retailer.
An analyst at Dahlman Rose comments, "SVU is a cheap stock, but has been a value trap due to deteriorating sales and profitability trends. Management is finally putting measures in place that could turn the business around, but success needs to come quickly. We would prefer to see evidence of traction before jumping in."
The firm currently forecasts Q1 and FY12 EPS of $0.29 and $1.32.
For more ratings news on SUPERVALU click here and for the rating history of SUPERVALU click here.
Shares of SUPERVALU closed at $9.06 yesterday, with a 52 week range of $7.06-$12.45.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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