Deutsche lifts up Supervalu (SVU +4.4%) with a Buy rating, giving the grocery chain credit for...

|By:, SA News Editor

Deutsche lifts up Supervalu (SVU +4.4%) with a Buy rating, giving the grocery chain credit for realistic earnings guidance and implementing positive initiatives. Deciding to wax a bit nostalgic, Deutscheadds that SVU reminds them of Saks (SKS -0.5%) and Macy's (M +1.5%) back in 08/09 - when "sentiment was just too negative relative to ongoing underlying changes."