Deutsche Bank Maintains Hold On Supervalu (SVU)

Deutsche Bank maintained its Hold rating on Supervalu SVU in a research report published today. In the report, Deutsche Bank states, "We believe the analytical tools that are currently being piloted should help drive sales, improve efficiencies, reduce costs, and enhance the shopping experience. Still, SVU faces significant competitive headwinds, and thus it may take time for initiatives to reverse market share losses. Current valuation represents a slight discount to peers, which is fair. Maintain Hold." In today's pre-market trading, Supervalu's shares gained 1.21% to trade at $10.90, still below Deutsche Bank's price target of $12.00.