Analyst Actions: SuperValu Initiated with an Overweight at JP Morgan 10/31 07:19 AM07:19 AM EDT, 10/31/2011 (MidnightTrader) -- SuperValu (SVU:...) is reportedly initiated with an Overweight at JP Morgan.Price target is $11.Price: 8.29, Change: 0, Percent Change: 0
Let's all (longs and shorts) remember that in this short to mid term environment there are so many issues that even undervalued stocks will be at the mercy of the markets.The way I look at this is that the market is allowing us to accumulate ate great value. In my view, anything in the mid 7s will yield superior returns over the next couple of years.Just my take
svu is their favorite in the space. They initiated coverage on both KR and SWY with a nuetral rating...go figure!
All I see is down 3 percent in pre-market looks like good morning to be short!
Beware the head fake.
Thanks!! Fidelity (FMR) seems to be the market mover months ago.....