UPDATE: Barclays Downgrades SpartanNash Company (SPTN) to Underweight

(updated to add analyst comment)

Barclays analyst Karen Short downgraded SpartanNash Company (NASDAQ: SPTN) from Equalweight to Underweight with a price target of $15.00 (from $18.00).

• The analyst suspects the company will compete against peers aggressively for market share and thus believes there will be a "race to the bottom" phase.

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

Shares of SpartanNash Company closed at $17.90 yesterday.

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