Jefferies Maintains Buy on Susser Holdings (SUSS)

Jefferies is out with its report today on Susser Holdings SUSS, maintaining Buy. In a note to clients, Jefferies writes, "The benefits of Susser's rebranding of its acquired Town & Country stores and growing proprietary foodservice platform, as well as significant efforts to reduce controllable costs are all meeting an improving underlying Texas economy. This should lead to solid operating performance in FY11." Jefferies maintains an $18 PT on SUSS. Shares of SUSS closed Wednesday at $14.29, up 2.81% from Tuesday's close.