SuperValu

Deutsche Bank maintained its Hold rating on Supervalu (NYSE: SVU) in a research report published today. In the report, Deutsche Bank states, "We believe the analytical tools that are currently being piloted should help drive sales, improve efficiencies, reduce costs, and enhance the shopping...

In a recent report by Jefferies, it has downgraded Safeway Inc. (NYSE: SWY) from a Buy rating to Hold due to negative data received from Jefferies' proprietary store manager survey. Jefferies details the survey results, “Last week, we noted an uptick in promotional activity in our pricing surveys...

Citi is out with its report today on SUPERVALU (NYSE: SVU), maintaining Hold. In a note to clients, Citi writes, "We assign Supervalu a 2S (Hold/Speculative) rating and a target price of $9. Supervalu has seen identical-store sales weaken, driven by customers exhibiting 'trading down' behavior,...

Jefferies & Company has lowered the price target on Supervalu, Inc. (NYSE: SVU) from $12 to $8 and maintains its Hold rating.

According to a new report, J.P. Morgan is applauding SuperValu Inc. (NYSE: SVU) management for guiding down its 2010 outlook recently (from $1.75-$1.95 to $1.40-$1.60). “[We] still see risk to the Street's outlook for 2011 – JPM at $1.15 vs. Street at $1.54, which makes the stock still look a bit...

SuperValu, Inc. (NYSE: SVU) saw sales decrease by 9.2% in the 2Q of 2010 to $11.5B vs. Citigroup's $11.6B estimate. The downward trend is driven mostly by a challenging economic market and heightened competitive activity, according to Citigroup. SuperValu, Inc. plans to open 100 new Save-A-Lot...