Safeway Upgraded by Longbow to Neutral

Wall St. Watchdog has posted information about an upgrade to Safeway (NYSE:SWY) shares.

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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