Jefferies & Co. raised Jacksonville, Fla.-based Winn-Dixie’s rating to “buy’’ and increased its price target to $10.50 from $8.50.
(Jeff Caplan/Bloomberg News/File 2004)
MARKET MOVERS
Sales surging at Winn-Dixie, analyst says
Jefferies & Co. raised Jacksonville, Fla.-based Winn-Dixie’s rating to “buy’’ and increased its price target to $10.50 from $8.50.
(Jeff Caplan/Bloomberg News/File 2004)
Sales are surging at Winn-Dixie Stores Inc.’s supermarkets, says a Jefferies & Co. analyst, Scott Mushkin. Shoppers are becoming more willing to spend, particularly on discretionary goods and items they are trading up to buy, according to his survey. He said execution at Winn-Dixies has steadily improved, and Gulf Coast stores that were exposed to economic ripples from the oil spill last year are doing well.
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