Jefferies Maintains Buy on Winn-Dixie Stores

Jefferies is out with its report today on Winn-Dixie Stores

, maintaining Buy. In its report, Jefferies writes, "Winn-Dixie posted better-than-expected 4Q11 sales, suggesting building top-line momentum as our research has indicated steadily improving trends and signs of better execution. In addition, with the potential for a better-than-anticipated rebound from the Gulf oil spill last year, momentum looks to continue into FY12." Jefferies maintains a $10.50 PT on WINN. Shares of WINN closed Monday at $8.96.