For years it seems like it's been one piece of bad news after another for embattled grocer Winn Dixie. There were bankruptcies, store closings, etc. It seemed destined to go out of business completely, joining the ranks of many regional grocers. Despite it all, it's held on. And now, in fact, the firm may have its ducks in a row and it is getting upgraded by analysts.
An analyst has upgraded Winn-Dixie Stores, citing the grocery-store chain's stable competitive environment and plan to boost profit.
Analyst Karen Short boosted her rating on the Jacksonville, Fla., company to "Outperform" from "Market Perform" and her price target to $20 from $16. The new target implies she expects shares to jump 29 percent above Tuesday's $15.50 close.