Safeway worth over $40 per share in a buyout, says JPMorgan JPMorgan believes Safeway (SWY) is worth over $40 per share in a takeout scenario. The firm expects Safeway to be sold after the company said last night it was in discussions regarding a possible sale. JPMorgan also views Safeway's comments regarding its continued build out of its natural/organic offerings as negative for Whole Foods (WFM). The firm has an Overweight rating on Safeway but lowered its price target for shares to $41 from $43.
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