Roundy's (RNDY) PT Raised to $4 at Credit Suisse Post Q4

Credit Suisse bumped its price target on Roundy's (NYSE: RNDY) to $4.00 (from $3.50) following Q4 results but maintained a Neutral rating.

Analyst E. Kelly said, "Despite the solid Q4 comp result, the FY15 outlook remains unchanged as management expects continued softness in its core markets thanks, in large part, to an increase in competitive openings this year. We continue to rate the stock Neutral and raise our target price to $4. While the growth of Mariano's and the banner's results are encouraging, the concept is still too small to make a material difference at this point, and visibility for stabilization in the core remains low."

For an analyst ratings summary and ratings history on Roundy's click here. For more ratings news on Roundy's click here.

Shares of Roundy's closed at $4.02 yesterday.

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