Supervalu Inc. (SVU) Improves But Is Overvalued

SUPERVALU INC. (NYSE:SVU) investors have had a truly exceptional year on the market. After years of decline and stagnation, 2013 finally saw shares in the groceries merchant rise by a significant margin. It may be time for some restraint, however, according to at least one analyst.

Jason DeRise, an analyst following SUPERVALU INC. (NYSE:SVU) at UBS Investment Research, puts a price target of $6.30 on the firm's stock in a new report on the company. The firm's stock has jumped by more than 170 percent since January, and stood at $6.88 when the market opened...