UPDATE: Credit Suisse Reinstates SUPERVALU with Neutral on Remaining Challenges
April 26, 2013 at 12:01 PM EDT
In a report published Friday, Credit Suisse analyst Edward J. Kelly reinstated coverage on SUPERVALU (NYSE: SVU ) with a Neutral rating and $6.00 price target. In the report, Kelly noted, “SVU's divestiture of many of its struggling supermarket assets has provided life to a company that was in freefall