Cantor Fitzgerald Reiterates Buy, $10 PT on SUPERVALU

Cantor Fitzgerald maintains its Buy rating and $10 price target on SUPERVALU SVU as the company's stock should benefit from better-than-expected results. Cantor Fitzgerald says, "SVU still has a long way in executing its turnaround, but for today at least, we believe the stock should clearly benefit from what has been a perfect storm for an epic short squeeze. Heading into the latest print, the sentiment seemed to suggest that a major liquidity or credit event was imminent. However, on every level, the latest results and above consensus FY:13 guidance should go a long way in reversing some of the overly bearish sentiment following the 3Q results in January." SVU closed at $5.32 a share yesterday.