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Stock Market & Financial Investment News

News Breaks
February 20, 2014
07:16 EDTSWY, WFMSafeway 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.
News For SWY;WFM From The Last 14 Days
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June 24, 2015
15:53 EDTWFMSunTrust identifies the most likely M&A activity in specialty retail
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13:39 EDTWFMDCA reports 'systemic overcharging' for pre-packaged foods at Whole Foods
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10:31 EDTWFMNew York probing Whole Foods over alleged overcharging, Daily News reports
New York City has launched a probe of Whole Foods Markets after an investigation conducted by the Department of Consumer Affairs found items for sale at its locations were labeled inaccurately, with many overcharging consumers, according to The Daily News. A Whole Foods spokesman said the company disagrees with the city's findings and is "vigorously defending" itself against the allegations, the report noted. Reference Link

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