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Investors size up Supervalu

Published 10/19/2017, 09:39 AM
© Reuters.  Investors size up Supervalu
SVU
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  • Supervalu (NYSE:SVU) is down another 2.87% to extend on yesterday's sharp sell-off after the company surprised with an unexpected wind-down of a transition services agreement with Albertson's.
  • Despite the TSA surprise, analysts are issuing favorable comments on Supervalu following the grocery operator's strong earnings report. RBC Capital keeps an Outperform rating and boosts its price target to $42, while Pivotal Research calls valuation "attractive" on Supervalu.
  • SEC Form 10-Q
  • Previously: More on Supervalu's Q2 results (Oct. 18)
  • Previously: Supervalu leads grocery sector higher (Oct. 18)
  • Now read: 'The Dirt Cheap Value Portfolio' - Insanity Times Ten


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