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SVU

Supervalu

$16.45

-0.3 (-1.79%)

10:35
04/09/18
04/09
10:35
04/09/18
10:35

Supervalu representatives say no serious deal talks in works, WSJ reports

After Bloomberg reported on Friday that Supervalu is working with an adviser to weigh options including a possible sale, Heather Haddon of The Wall Street Journal says that Supervalu representatives state that they are running through a full strategic process, including seeing if there would be interest from bidders, but that "no serious deal talks are in the works at this point."

  • 08

    May

SVU Supervalu
$16.45

-0.3 (-1.79%)

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.
04/05/18
GSCO
04/05/18
NO CHANGE
Target $14
GSCO
Sell
Supervalu maintained a Sell, target to $14 at Goldman Sachs
Goldman analyst Christopher Prykull retierated his Sell rating on Supervalue and trimmed his price target to $14 from $15 saying he continues to have fundamental concerns across each segment. Prykull acknowledges risk/reward appears positive near-term with the upcoming sale-leaseback update likely on the Q4 report, but said the secular backdrop for independent grocery and competition remains fierce.

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