Telsey Downgrades SUPERVALU (SVU) to Market Perform
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January 14, 2016 1:22 PM EST
SUPERVALU (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
January 14, 2016 7:32 AM EST
Deutsche 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
January 14, 2016 7:09 AM EST
RBC 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
January 13, 2016 8:01 AM EST
SUPERVALU (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
