UPDATE: Goldman Sachs Downgrades SUPERVALU as Supermarkets Face Mounting Headwinds
November 18, 2013 at 10:44 AM EST
In a report published Monday, Goldman Sachs analyst Stephen Grambling downgraded the rating on SUPERVALU (NYSE: SVU ) from Neutral to Sell, and lowered the price target from $8.00 to $6.00. In the report, Goldman Sachs noted, “On November 17, we downgraded SVU to Sell from Neutral with 13% downside