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SVU

Supervalu

$14.60

0.36 (2.53%)

06:25
02/07/18
02/07
06:25
02/07/18
06:25

Supervalu urged by Blackwells to separate wholesale, retail units, WSJ reports

Activist investor Blackwells Capital, which owns about 4.35% of Supervalu's stock, is pushing for board seats at the company and a separation of the wholesale and retail businesses, The Wall Street Journal reports. According to a letter Blackwells sent the board on Tuesday, the investor is seeking three board seats and the formation of a committee to review a potential breakup of the retail and wholesale units, as well as the sale of the wholesale unit. The board rejected Blackwells' requests, and the activist decided to take its case to shareholders and plans criticizing management and the board's oversight of the company and stock. Supervalu says it has taken "a number of critical steps to transform," including boosting wholesale revenue and selling down the retail unit. Reference Link

SVU Supervalu
$14.60

0.36 (2.53%)

10/19/17
RBCM
10/19/17
NO CHANGE
Target $35
RBCM
Outperform
Supervalu price target lowered to $35 from $42 at RBC Capital
RBC Capital analyst William Kirk lowered his price target on Supervalu to $35 after Q2 results that offered more modeling visibility to the wind-down timing of trasition service agreements and the related P&L impact. Kirk says this was resolved less favorable than anticipated, but remains positive on the company in the long-run as deflation trends ease. The analyst also notes the company's strong wholesale win pipeline, under-appreciated real estate, and overreaction to the Whole Foods acquisition, maintaining an Outperform rating.
11/03/17
WELS
11/03/17
INITIATION
Target $16
WELS
Market Perform
Supervalu initiated with a Market Perform at Wells Fargo
Wells Fargo analyst Edward Kelly started Supervalu with a Market Perform rating and $16 price target.
11/14/17
GSCO
11/14/17
INITIATION
Target $14
GSCO
Sell
Supervalu assumed with a Sell at Goldman Sachs
Goldman analyst Christopher Prykull assumed coverage on Supervalu with a Sell and $14 price target. Prykull expects retail to underperform given increasing competition, pricing gaps, and under-investment in stores and said Wholesale faces a challenged end market. The analyst also sees EBITDA headwinds from waning transition service agreement revenue and limited cost offsets.
11/14/17
11/14/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Kroger (KR) assumed with a Neutral at Goldman Sachs. 2. Dollar General (DG) assumed with a Neutral at Goldman Sachs. 3. Sea Limited (SE) was initiated with an Outperform at Cowen, an Overweight at Piper Jaffray, a Buy at Goldman Sachs and Stifel, and an Equal Weight at Morgan Stanley. 4. Supervalu (SVU) assumed with a Sell at Goldman Sachs. 5. Celanese (CE) initiated with a Buy at Tudor Pickering. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

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EADSY

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TNDM

TNDM

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WOW

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CABO

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FOXA

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NMR

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GLD

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WFC

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FOXA

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ENTA

Enanta

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TNTR

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CUE

Cue Biopharma

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