Downgrades Hit Grocery Stocks

NEW YORK — Shares of Supervalu were down by more than 6% Tuesday after a pair of stock analysts reduced their earnings estimates for the Minneapolis-based retailer.

NEW YORK — Shares of Supervalu were down by more than 6% Tuesday after a pair of stock analysts reduced their earnings estimates for the Minneapolis-based retailer.

Karen Short, an analyst with BMO Capital Markets here, said she was reducing Supervalu’s earnings-per-share estimates for the third and fourth quarters of fiscal 2011 and well as fiscal 2012, reflecting a challenging environment and the company’s s

Register to view the full article

Already a member? .

TAGS: News Supervalu