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Stock Market & Financial Investment News

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April 1, 2014
13:35 EDTHAWK, SWYSpin off of Blackhawk shares positive, says Barrington
Barrington believes that the spin off of Blackhawk (HAWK) shares by Safeway (SWY) will alleviate competitive concerns for Blackhawk. The firm also thinks that the spin off will increase strategic opportunities for Blackhawk while increasing its ability to pursue acquisitions. Barrington believes that any weakness caused by the spin off would create a long-term buying opportunity. It keeps a $29-$31 price target range and Outperform rating on Blackhawk.
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