RBC Capital Cuts Price Target on SUPERVALU (SVU) to $6; Reiterates Sector Perform

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Go back to RBC Capital Cuts Price Target on SUPERVALU (SVU) to $6; Reiterates Sector Perform

Pre-Open Stock Movers 09/08: (RPRX) (RAD) (JUNO) Higher; (GEVO) (NLST) (TSCO) (PIR) Lower (more...)

September 8, 2016 9:29 AM EDT

Today's Pre-Open Movers

Repros Therapeutics Inc. (Nasdaq: RPRX) 31.9% HIGHER; provided posotive results of the first course of treatment from Repros ongoing study of Proellex® for the treatment of premenopausal women with confirmed symptomatic endometriosis.

Gevo, Inc. (Nasdaq: GEVO) 25.7% LOWER; announced that it intends to offer and sell, subject to market and other conditions,... More

SUPERVALU (SVU) Trims FY17 adj.-EBITDA Outlook

September 8, 2016 6:47 AM EDT

SUPERVALU INC. (NYSE: SVU) announced that it is lowering its outlook for full-year adjusted EBITDA(1). Although recently announced new business in its Wholesale segment is expected to begin to positively contribute to results later this fiscal year, second quarter business performance in its Retail and Save-A-Lot segments has been softer than previously anticipated. Full year adjusted EBITDA(1) is now expected to be approximately 5.0% lower than last year.

Commenting on the outlook for fiscal 2017, President and CEO Mark Gross said, Although we are seeing softness in portions of our business, I am... More