Jefferies Has Hold On Winn-Dixie Stores (WINN)

Jefferies & Co. has a Hold rating and a $7 price target on shares of Winn-Dixie Stores (NASDAQ: WINN). In a note to clients, Jefferies writes, "While Winn-Dixie reported basically an in-line 2Q on EBITDA relative to our estimates (although above street expectations) due to better sales performance, management appeared cautious regarding the inflation outlook and what it could mean for the back half, especially given WINN's exposure to a lower income demographic." Shares of WINN gained 26 cents yesterday to close at $7.07, a loss of 3.8%.