By: Benzinga
UPDATE: Morgan Stanley Resumes SUPERVALU with Underweight on Expected Earnings Erosion, High Financial Leverage
In a report published Wednesday, Morgan Stanley analyst Mark Wiltamuth resumed coverage on SUPERVALU (NYSE: SVU ) with an Underweight rating and $3.50 price target. In the report, Wiltamuth noted, “We are resuming coverage of Supervalu with an Underweight rating as we still see earnings erosion ahead and financial leverage
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