MINNEAPOLIS — Supervalu’s beleaguered stock regained some value Wednesday after a Bank of America analyst lifted a “sell” rating on the stock and suggested the retailer could raise investment capital by selling its distribution business. Supervalu stock lost more than 20% of its value in the weeks following a disappointing 2008 outlook. Scott Mushkin, a Bank of America analyst, in a research note said pricing issues at Shaw’s and a store conditions on the West Coast would continue to ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.