Telsey Downgrades SUPERVALU (SVU) to Market Perform
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SUPERVALU (SVU) Defended at Pivotal Research
January 14, 2016 1:22 PM ESTSUPERVALU (NYSE: SVU) was defended by analysts at Pivotal Research Thursday. Shares declined in the wake of Q3 results. Analyst Ajay Jain said he was stunned by the markets reaction to results and stated that "panic selling seems unwarranted."
"Conceptually, we think that most investors still dont... More
Deutsche Bank Downgrades SUPERVALU (SVU) to Hold
January 14, 2016 7:32 AM ESTDeutsche Bank downgraded SUPERVALU (NYSE: SVU) from Buy to Hold with a price target of $6.00 (from $8.00). Analyst Karen Short said she see less attractive risk-reward.
"With shaky fundamentals at all 3 segments, and ongoing uncertainty around how to model the TSA (leading to more EPS volatility), we believe SVUs... More
RBC Capital Cuts Price Target on SUPERVALU (SVU) to $7 Following 3Q Results
January 14, 2016 7:09 AM ESTRBC Capital maintained a Sector Perform rating on SUPERVALU (NYSE: SVU), and cut the price target to $7.00 (from $8.00), following the company's 3Q earnings report. SUPERVALU reported adj. 3Q16 EPS of $0.16 on $4.11bn of revenue, compared to consensus estimates of $0.16 and $4.16bn. Save-A-Lot's comp store... More
SUPERVALU (SVU) Reports In-Line Q3 EPS
January 13, 2016 8:01 AM ESTSUPERVALU (NYSE: SVU) reported Q3 EPS of $0.16, in-line with the analyst estimate of $0.16. Revenue for the quarter came in at $4.11 billion versus the consensus estimate of $4.18 billion.
Save-A-Lot network identical store sales were negative 3.4 percent. Identical store sales for corporate stores within the Save-A-Lot... More
