Jefferies Maintains Buy, $9.50 PT on Winn-Dixie

Jefferies reiterates its Buy rating and $9.50 price target on Winn-Dixie Stores WINN following a sit-down with the company's management. Jefferies says, “We had the pleasure of visiting with Winn-Dixie's management in Jacksonville yesterday and came away impressed with the actions the team is taking to turn around the business. Indeed, an innovative marketing program, a focused strategy, the positive impact of the remodels and a very reasonable valuation all suggest the potential for significant equity appreciation.” WINN closed at $5.21 per share on Monday.