Goldman Sachs Starts SUPERVALU (SVU) at Sell, Sees Another 19% Downside

Goldman Sachs initiates coverage on SUPERVALU (NYSE: SVU) with a Sell rating and $5 price target, suggesting 19% downside.

The firm comments, "While management is focused on improving the company's competitive positioning with its “8 Plays to Win” turnaround strategy, we see a combination of secular and cyclical headwinds converging with SVU's higher financial leverage to pressure results and limit free cash flow available to shareholders."

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 $6.14 yesterday.

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