Analyst Suggests Supervalu Spin Off Distribution

Supervalu’s beleaguered stock regained some value Wednesday after a Bank of America analyst lifted a “sell” rating on the stock and suggested the retailer could raise investment capital by selling its distribution business.

MINNEAPOLIS — Supervalu’s beleaguered stock regained some value Wednesday after a Bank of America analyst lifted a “sell” rating on the stock and suggested the retailer could raise investment capital by selling its distribution business. Supervalu stock lost more than 20% of its value in the weeks following a disappointing 2008 outlook. Scott Mushkin, a Bank of America analyst, in a research note said pricing issues at Shaw’s and a store conditions on the West Coast would continue to pressure

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