Citigroup, Inc (NYSE: C) Reiterates “Buy” Rating on Winn-Dixie Stores (NASDAQ: WINN)

Citigroup, Inc (NYSE: C) Reiterates “Buy” Rating on Winn-Dixie Stores (NASDAQ: WINN)

Citigroup, Inc (NYSE: C) analysts reiterated a “buy” rating on shares of Winn-Dixie Stores Inc. (Nasdaq: WINN) with a price target of $16.00 in a research note to investors on Tuesday.

Winn-Dixie Stores, Inc. is a food retailer operating primarily under the Winn-Dixie banner. As of June 24, 2009, the Company operated 515 stores in five states in the southeastern United States. The Company generates revenues and cash as it sells products to customers in its stores. The Company operates its grocery warehouse stores under the SaveRite banner. The Company’s stores are located in Florida, Alabama, Georgia, Louisiana and Mississippi.

Shares of WINN traded up 1.25% hitting $8.07 during mid-day trading on Tuesday.

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