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Fly News Breaks for June 28, 2017
SVU
Jun 28, 2017 | 07:26 EDT
RBC Capital analyst William Kirk says that the synergies from Supervalu's acquisition of Unified Grocers can exceed its guidance, while Supervalu's wholesale revenue looks set to meaningfully exceed expectations in fiscal 2018. The analyst says that the decline in the stock following the Whole Foods deal is overdone, as Supervalu obtains the lion's share of its revenue from its wholesale business and has a much less urban customer base than Whole Foods Kirk says that Supervalu's stock is "Very attractive" at current levels and keeps a $6 price target and an Outperform rating on the shares.
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