Market Overview

UPDATE: Goldman Sachs Resumes Coverage on SUPERVALU with Neutral Rating, $5 PT on Wide Risk-Reward

Related SVU
Diageo Announces Public Offer for USL - Analyst Blog
Wal-Mart's Massmart CEO Resigns - Analyst Blog

In a report published Friday, Goldman Sachs analyst Stephen Grambling resumed coverage on SUPERVALU (NYSE: SVU) with a Neutral rating and $5.00 price target.

In the report, Grambling noted, “We have removed the NR designation from Supervalu, Inc. (SVU) shares following the sale of five banners to AB Acquisition LLC and the completed tender offer by Symphony Investors. We now have a Neutral rating on SVU with a 12-month price target of $5 equating to 6% upside. Our FY13/14/15 estimates move to ($0.14)/($0.03)/$0.08 from $0.38/$0.15/$0.15 to reflect the sale of banners, the tender offer, and announced cost reductions. We also introduce FY16 EPS of $0.16.”

SUPERVALU closed on Thursday at $4.71.

Posted-In: Goldman SachsAnalyst Color Initiation Analyst Ratings


Most Popular

Related Articles (SVU)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free