Barclays Maintains an 'Equalweight' on SUPERVALU (SVU); In This Case, More Traffic Would be Good

Barclays maintains an 'Equalweight' on SUPERVALU (NYSE: SVU) price target of $11.00.

Barclays analyst says, "Management's tone has become increasingly upbeat recently, at its analyst meeting in 5/3/11 and on the 1Q12 earnings call. This seems to reflect SVU's progress in implementing its many initiatives. Also, sales are showing sequential improvement on a two-year basis, though traffic remains weak...We are maintaining 2Q11 EPS of $0.20, but increasing our FY12 EPS to $1.29 from $1.28, while lowering our FY13 EPS to $1.39 from $1.42. SVU's FY12 EPS guidance range is $1.20-$1.40."

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

Shares of SUPERVALU closed at $9.11 yesterday.

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