Merrill Raises Winn-Dixie Mid-Term Rating

Mar 22, 2002

Merrill Lynch raised the mid-term stock rating on grocery store chain Winn-Dixie Stores Inc. to “neutral” from “reduce,” noting that the business had stabilized and downside appears limited, although it still has a hill to climb in productivity, reports Reuters.

Analyst Mark Husson cites several reasons for the upgrade, including a likely improvement in comparable-store sales, and an incentive program in the company’s Florida region.

Moderator Comment: Has Winn-Dixie turned it around?
Do you expect the chain to be acquired? [George
Anderson – Moderator

Please practice The RetailWire Golden Rule when submitting your comments.

Join the Discussion!

Be the First to Comment!