Jefferies Maintains a 'Hold' on Spartan Stores (SPTN); Fighting the Good Fight

Jefferies maintains a 'Hold' on Spartan Stores (NASDAQ: SPTN) price target raised $1 to $17.

Jefferies analyst says, "Spartan’s Retail IDs continue to be held down by weakening Michigan macros, as the employment picture has deteriorated, fuel costs remain elevated and food inflation is rising. Spartan, however, remains focused on implementing the right initiatives to drive long term loyalty, share and earnings growth...We are adjusting our FY12 and FY13 estimates to $1.48 and $1.57 from $1.50 and $1.52, to reflect better distribution sales over the course of the year."

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

Shares of Spartan Stores closed at $17.46 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Silexion Therapeutics (SLXN) Tops Q2 EPS by 793c
• Reading (RDI) Tops Q2 EPS by 4c