SuperValu (NYSE:SVU) Must Get More Aggressive Says Jefferies (NYSE:JEF)

SuperValu (NYSE:SVU) appears to have come at a crossroads where the management needs to get much more aggressive in their strategy before it's too late for them, according to Jefferies (NYSE:JEF).

With no apparent short-term catalysts for the company, Jefferies significantly lowered their 4Q11, full year 2011 and full year 2012 EPS estimates from $0.53, $1.58 and $1.75 to $0.36, $1.31 and $1.26.

Something new and creative will have to be done with existing stores, or they'll have to make an important acquisition to boost the company, added Jefferies.

Jefferies reiterates their "Hold" rating on SuperValue, which was trading at $7.56, down $0.15, or 1.95 percent, as of 1:43 PM EST. Jefferies lowered their price target on them from $12 to $8.