Blackhawk downgraded to Neutral from Overweight at Piper Jaffray Piper Jaffray downgraded Blackhawk (HAWK) citing valuation, slowing core organic growth and Safeway's (SWY) stock distribution. Piper raised its price target for shares to $26 from $25.
Blackhawk expects 200 in-marketing promotions in Q4 The company is optimistic, but cautious for a good holiday season. It expects to turn cash flow positive in Q4. Through the first four weeks of Q4, the load value growth is similar to Q3.