Safeway Upgraded by Longbow to Neutral
Longbow upgraded shares of Safeway (NYSE:SWY) from Sell to Neutral. No price target was given. The shares recently traded at $16.96, up $0.90, or 5.6%, on the day. The shares have traded in a 52-week range of $15.93 to $25.43 and its market capitalization is $5.94 billion. About the company: Safeway, Inc. operates a retail food and drug chain in the US and Canada. The Company also has a network of distribution, manufacturing, and food processing facilities. Safeway’s retail operations are located in California, Oregon, Washington, Alaska, Colorado, Arizona, Texas, the Chicago metropolitan area and the Mid-Atlantic region, British Columbia, Alberta and Manitoba/Saskatchewan.
(Note: Stock ratings are sourced from Briefing.com via the Wall St. Journal. Selected financial data are sourced from Google Finance. All data are assumed to be accurate.)
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