RBC Capital Starts SUPERVALU (SVU) at Sector Perform

RBC Capital initiates coverage on SUPERVALU (NYSE: SVU) with a Sector Perform rating and a price target of $12.00.

Analyst William Kirk commented, "SUPERVALU is a dramatically different company after its divestiture of ~900 stores. While operational performance has improved at Save-A-Lot, we believe looming price pressures and structural headwinds facing its wholesale business (50% of sales) allow for little operational upside. At peak absolute, and relative, valuation, shares are unlikely to show considerable appreciation."

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 $10.86 yesterday.

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