NEW YORK — Shares of Supervalu were down by more than 6% Tuesday after a pair of stock analysts reduced their earnings estimates for the Minneapolis-based retailer. Karen Short, an analyst with BMO Capital Markets here, said she was reducing Supervalu’s earnings-per-share estimates for the third and fourth quarters of fiscal 2011 and well as fiscal 2012, reflecting a challenging environment and the company’s struggle to improve sales. Short also downgraded Supervalu’s price target from $13 ...

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