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SUPERVALU Inc. (NYSE:SVU): According to Citigroup, SuperValu will need to divest assets to fund its price investments, which will lead to a much smaller company during the medium- to long-term. Citi believes that the Save-A-Lot and Jewel-Osco are the company’s most attractive large assets, but the firm emphasizes the challenge of finding buyers at good prices. The firm thinks that SuperValu’s valuation barely covers its net debt, and it reduced its price target for shares to $3 from $4. Citi maintains a Neutral rating on the stock.
Marvell Technology Group Ltd. (NASDAQ:MRVL): Jefferies thinks that the company’s downside risk is low for shares at current levels and recommends using the pullback after the company’s Q2 miss as a buying opportunity. The firm maintains a Buy rating and a $15 price target on the stock.
Pinnacle Entertainment Inc. (NYSE:PNK) has been added to the short-term buy list at Deutsche Bank.
Brocade Communications Systems, Inc. (NASDAQ:BRCD) reported stronger than expected results for Q3 and provided in-line guidance, causing Cantor to believe that the company is gaining market share in fiber as well as improving its execution in IP products. The firm argues that the CEO’s resignation may remove an obstacle to M&A, and it keeps a Buy rating and a $6 target on the stock.
Gap Inc. (NYSE:GPS) target was raised by Stifel Nicolaus following the company’s reports of higher Q2 EPS than expected. The firm believes that the company’s business is making a rebound, and it keeps a Buy rating on the stock.
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