Standpoint Downgrades Safeway (SWY)
Symbols: SWY
Standpoint Research downgraded shares of Safeway (SWY) this afternoon from Buy to Hold. The firm recommended the stock on December 11. Since that time, the shares have outperformed the S&P by more than 1200 basis points.
According to Standpoint analyst, Ronnie Moas, the stock is now fairly valued at 13X earnings. SWY is currently trading at a new 52 week high, gaining 1.29% today to $24.81.
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