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SVU

Supervalu

$5.01

0.08 (1.62%)

06:47
10/17/16
10/17
06:47
10/17/16
06:47

Supervalu announces sale of Save-A-Lot Business for $1.365B

Supervalu announced that it has entered into a definitive agreement whereby an affiliate of Onex Corporation will acquire Supervalu's Save-A-Lot business for $1.365B in cash, subject to customary closing adjustments. In connection with the sale, Supervalu and Save-A-Lot will enter into a five-year professional services agreement. The sale of Save-A-Lot is expected to be completed by January 31, 2017, subject to regulatory approvals and other customary closing conditions. Under the terms of the professional services agreement, Supervalu will provide Save-A-Lot with certain services and support functions for its day-to-day operations, including cloud services, merchandising technology, payroll, finance, and other technology and hosting services. Supervalu expects to use the net proceeds from the sale to prepay at least $750M against its outstanding term loan balance. The company intends to use the remaining net sale proceeds to further reduce debt and improve its capital structure, as well as to fund corporate and growth initiatives.

  • 19

    Oct

SVU Supervalu
$5.01

0.08 (1.62%)

01/14/16
TLSY
01/14/16
DOWNGRADE
TLSY
Market Perform
Supervalu downgraded to Market Perform from Outperform at Telsey Advisory
01/14/16
01/14/16
DOWNGRADE

On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Alcoa (AA) downgraded on earnings estimates outlook at Argus... Atmel (ATML) downgraded to Market Perform from Outperform at Raymond James... Belmond Ltd (BEL) downgraded to Sell from Buy at MKM Partners... BorgWarner (BWA) downgraded to Underperform from Buy at CLSA... Choice Hotels (CHH) downgraded to Sell from Neutral at MKM Partners... Discover (DFS) downgraded to Neutral from Overweight at JPMorgan... Extended Stay America (STAY) downgraded to Neutral from Buy at MKM Partners... F5 Networks (FFIV) downgraded to Underweight from Equal Weight at Barclays... GoPro (GPRO) downgraded to Equal Weight from Overweight at Barclays... Hilton (HLT) downgraded to Sell from Buy at MKM Partners... Hudbay Minerals (HBM) downgraded to Underweight from Overweight at Barclays... Hyatt (H) downgraded to Sell from Neutral at MKM Partners... Ivanhoe Mines (IVPAF) downgraded to Market Perform from Outperform at BMO Capital... LafargeHolcim (HCMLY) downgraded to Neutral from Overweight at JPMorgan... Lundin Mining (LUNMF) downgraded to Equal Weight from Overweight at Barclays... Marriott (MAR) downgraded to Neutral from Buy at MKM Partners... Morgans Hotel (MHGC) downgraded to Sell from Buy at MKM Partners... NVIDIA (NVDA) downgraded to Underweight from Equal Weight at Barclays... OMV AG (OMVKY) downgraded to Sell from Neutral at UBS... PacWest Bancorp (PACW) downgraded to Market Perform from Outperform at BMO Capital... Supervalu (SVU) downgraded to Hold from Buy at Deutsche Bank... TE Connectivity (TEL) downgraded to Neutral from Buy at Longbow... Tandem Diabetes (TNDM) downgraded to Neutral from Buy at BofA/Merrill... Tarena (TEDU) downgraded to Neutral from Outperform at Credit Suisse... Teck Resources (TCK) downgraded to Underweight from Equal Weight at Barclays... TransGlobe (TGA) downgraded to Underperformer from Sector Performer at CIBC... Ubiquiti (UBNT) downgraded to Market Perform from Outperform at Bernstein... Ventas (VTR) downgraded to Market Perform from Outperform at BMO Capital... Welltower (HCN) downgraded to Market Perform from Outperform at BMO Capital... Yamana Gold (AUY) downgraded to Equal Weight from Overweight at Barclays... Yelp (YELP) downgraded to Sell from Neutral at B. Riley.
07/06/16
DBAB
07/06/16
NO CHANGE
Target $6
DBAB
Hold
Deutsche calls Marsh deal a 'nice win' for Supervalu
Deutsche Bank analyst Shane Higgins views the long-term supply agreement with Marsh Supermarkets as a "nice win" for Supervalu. The news is timely with Supervalu preparing for the separation of Save-A-Lot, Higgins tells investors in a research note. The analyst keeps a Hold rating on the shares, however, citing the "headwinds still facing the business."
10/10/16
OPCO
10/10/16
NO CHANGE
OPCO
Wal-Mart 'starting to get its act together' in grocery, says Oppenheimer
After attending Wal-Mart's (WMT) analyst day meeting, Oppenheimer analyst Rupesh Parikh admitted he did not previously look favorably upon the company's strategy to expand into Neighborhood Market and smaller format stores, but he now sees signs that the company is "starting to get its act together in grocery." If Wal-Mart follows through with grocery price investments, it could hurt Kroger (KR), Smart & Final Stores (SFS) and Supervalu (SVU) and be an "indirect negative" for Sprouts Farmers Markets (SFM), Parikh tells investors. However, he also added that he remains confident in the ability of Kroger's management team to at least hold share.

TODAY'S FREE FLY STORIES

JCP

J.C. Penney

$6.46

-0.4 (-5.83%)

06:08
02/27/17
02/27
06:08
02/27/17
06:08
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J.C. Penney rating change  »

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03/08/13
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  • 01

    Mar

06:07
02/27/17
02/27
06:07
02/27/17
06:07
Hot Stocks
Buffett says market 'not in bubble territory' or 'anything of the sort' »

Warren Buffett, while…

WMT

Wal-Mart

$72.39

1.08 (1.51%)

, KR

Kroger

$33.29

0.3 (0.91%)

06:06
02/27/17
02/27
06:06
02/27/17
06:06
Periodicals
Wal-Mart launching price-comparison test in U.S., targeting Aldi, Reuters says »

Wal-Mart (WMT) is…

WMT

Wal-Mart

$72.39

1.08 (1.51%)

KR

Kroger

$33.29

0.3 (0.91%)

PG

Procter & Gamble

$91.05

-0.08 (-0.09%)

UN

Unilever; also tag UL

$46.91

0.33 (0.71%)

UL

Unilever; also tag UN

$47.12

0.22 (0.47%)

CAG

Conagra Brands

$41.16

0.66 (1.63%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 06

    Mar

  • 14

    Mar

  • 19

    Mar

LJPC

La Jolla

$19.87

1.65 (9.06%)

06:05
02/27/17
02/27
06:05
02/27/17
06:05
Hot Stocks
La Jolla announces positive results from ATHOS-3 Phase 3 study of LJPC-501 »

La Jolla Pharmaceutical…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 19

    Mar

INVH

Invitation Homes

$21.60

0.02 (0.09%)

06:05
02/27/17
02/27
06:05
02/27/17
06:05
Initiation
Invitation Homes initiated  »

Invitation Homes…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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PEG

PSEG

$45.61

1.36 (3.07%)

06:04
02/27/17
02/27
06:04
02/27/17
06:04
Downgrade
PSEG rating change  »

PSEG downgraded to Market…

03/08/13
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03/08/13
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03/06/13
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UCP

UCP, Inc.

$11.35

-0.05 (-0.44%)

06:03
02/27/17
02/27
06:03
02/27/17
06:03
Hot Stocks
Breaking Hot Stocks news story on UCP, Inc. »

UCP, Inc. reports Q4 net…

03/08/13
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03/06/13
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03/06/13
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  • 27

    Feb

LAUR

Laureate Education

$13.24

0.06 (0.46%)

06:03
02/27/17
02/27
06:03
02/27/17
06:03
Initiation
Laureate Education initiated  »

Laureate Education…

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03/06/13
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03/06/13
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UCP

UCP, Inc.

$11.35

-0.05 (-0.44%)

06:02
02/27/17
02/27
06:02
02/27/17
06:02
Earnings
UCP, Inc. reports Q4 EPS 89c with benefits, consensus 18c »

Reports Q4 revenue…

03/08/13
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03/08/13
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03/06/13
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  • 27

    Feb

SNAP

Snap Inc.

06:01
02/27/17
02/27
06:01
02/27/17
06:01
Periodicals
Snap founders tightened grip following dispute with Lightspeed, NYT reports »

Early Snap investor…

03/08/13
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03/06/13
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  • 02

    Mar

GRAM

Grana y Montero

$3.32

-1.77 (-34.77%)

06:00
02/27/17
02/27
06:00
02/27/17
06:00
Downgrade
Grana y Montero rating change  »

Grana y Montero…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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INVH

Invitation Homes

$21.60

0.02 (0.09%)

05:59
02/27/17
02/27
05:59
02/27/17
05:59
Initiation
Invitation Homes initiated  »

Invitation Homes…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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AAPL

Apple

$136.66

0.13 (0.10%)

, EBAY

eBay

$34.06

0.46 (1.37%)

05:58
02/27/17
02/27
05:58
02/27/17
05:58
Periodicals
Tech firms plan to file brief in favor of transgender rights, Axios reports »

Leading tech companies…

AAPL

Apple

$136.66

0.13 (0.10%)

EBAY

eBay

$34.06

0.46 (1.37%)

IBM

IBM

$181.35

-0.3 (-0.17%)

MSFT

Microsoft

PYPL

PayPal

$43.07

0.54 (1.27%)

CRM

Salesforce

$81.78

-0.29 (-0.35%)

YELP

Yelp

$33.46

-0.01 (-0.03%)

BOX

Box

$17.93

0.41 (2.34%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 27

    Feb

  • 27

    Feb

  • 27

    Feb

  • 28

    Feb

  • 28

    Feb

  • 01

    Mar

  • 01

    Mar

  • 06

    Mar

  • 13

    Mar

  • 14

    Mar

  • 16

    Mar

  • 19

    Mar

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    Mar

  • 22

    Mar

  • 27

    Mar

  • 28

    Mar

  • 28

    Mar

  • 09

    May

AFL

Aflac

$71.71

-0.01 (-0.01%)

05:57
02/27/17
02/27
05:57
02/27/17
05:57
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Aflac rating change  »

Aflac upgraded to…

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  • 05

    Mar

FTI

TechnipFMC

$32.30

-0.58 (-1.76%)

05:56
02/27/17
02/27
05:56
02/27/17
05:56
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TechnipFMC rating change  »

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DDS

Dillard's

$57.00

2.32 (4.24%)

, ISIL

Intersil

05:55
02/27/17
02/27
05:55
02/27/17
05:55
Hot Stocks
Dillard's to replace Intersil in S&P 400 as of 2/28 open »

Renesas Electronics Corp.…

DDS

Dillard's

$57.00

2.32 (4.24%)

ISIL

Intersil

03/08/13
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03/06/13
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03/06/13
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INCY

Incyte

$131.21

9.26 (7.59%)

, SE

Spectra Energy

$40.68

-0.32 (-0.78%)

05:55
02/27/17
02/27
05:55
02/27/17
05:55
Hot Stocks
Incyte to replace Spectra Energy in S&P 500 as of 2/28 open »

Spectra Energy (SE) is…

INCY

Incyte

$131.21

9.26 (7.59%)

SE

Spectra Energy

$40.68

-0.32 (-0.78%)

ENB

Enbridge

$41.34

-0.37 (-0.89%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 06

    Mar

  • 06

    Mar

  • 14

    Mar

  • 01

    Apr

  • 19

    Apr

NCMI

National CineMedia

$12.08

-0.35 (-2.82%)

05:53
02/27/17
02/27
05:53
02/27/17
05:53
Recommendations
National CineMedia analyst commentary  »

National CineMedia added…

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  • 28

    Mar

  • 28

    Mar

HMSY

HMS Holdings

$18.83

0.13 (0.70%)

05:48
02/27/17
02/27
05:48
02/27/17
05:48
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HMS Holdings rating change  »

HMS Holdings downgraded…

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  • 21

    Mar

TEX

Terex

$30.35

0.44 (1.47%)

05:45
02/27/17
02/27
05:45
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05:45
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Terex rating change  »

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  • 07

    Mar

  • 07

    Mar

TPH

TRI Pointe

$12.21

0.1 (0.83%)

05:43
02/27/17
02/27
05:43
02/27/17
05:43
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TRI Pointe rating change  »

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  • 01

    Mar

JCP

J.C. Penney

$6.46

-0.4 (-5.83%)

05:39
02/27/17
02/27
05:39
02/27/17
05:39
Recommendations
J.C. Penney analyst commentary  »

J.C. Penney price target…

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  • 01

    Mar

SUI

Sun Communities

$83.52

1.2 (1.46%)

05:37
02/27/17
02/27
05:37
02/27/17
05:37
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Sun Communities rating change  »

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  • 01

    Mar

AVGO

Broadcom

$210.37

-0.21 (-0.10%)

05:34
02/27/17
02/27
05:34
02/27/17
05:34
Recommendations
Broadcom analyst commentary  »

Broadcom price target…

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  • 01

    Mar

  • 16

    Mar

LAUR

Laureate Education

$13.24

0.06 (0.46%)

05:32
02/27/17
02/27
05:32
02/27/17
05:32
Initiation
Laureate Education initiated  »

Laureate Education…

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