News Breaks |
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| January 25, 2013 |
| 09:39 EDT |  | SWY | Safeway Q4 revenue estimate raised above Street at ITG Research
ITG raised Safeway's Q4 revenue estimate to $13.8B vs. consensus of $13.58B. |
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News For SWY From The Last 14 Days Check below for free stories on SWY the last two weeks. |
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| June 14, 2013 |
| 07:52 EDT | | SWY | Safeway asset sale not viewed as catalyst, says Susquehanna
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| 05:59 EDT |  | SWY | Stocks with implied volatility movement; GCI SWY
Stocks with implied volatility movement; Gannett (GCI), Safeway (SWY) according to IVolatility. |
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| June 13, 2013 |
| 10:05 EDT |  | SWY | On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AngloGold (AU) downgraded to Sell from Hold at Societe Generale... Banco Santander (SAN) downgraded to Underweight from Neutral at JPMorgan... Cosi (COSI) downgraded to Neutral from Buy at Roth Capital... Randgold Resources (GOLD) downgraded to Hold from Buy at Societe Generale... Republic Services (RSG) downgraded to Buy from Conviction Buy at Goldman... Royal Bank of Scotland (RBS) downgraded to Sell from Hold at Deutsche Bank... Safeway (SWY) downgraded to Neutral from Buy at Citigroup... Smithfield Foods (SFD) downgraded to Neutral from Buy at Davenport... Vantage Drilling (VTG) downgraded to Market Perform from Outperform at Wells Fargo... Waste Management (WM) downgraded to Neutral from Buy at Goldman... Lexington Realty (LXP) downgraded to Underweight from Hold at KeyBanc... EPR Properties (EPR) downgraded to Underweight from Hold at KeyBancMedical Properties Trust (MPW) downgraded to Underweight from Hold at KeyBanc... Ventas (VTR) downgraded to Underweight from Hold at KeyBanc... Health Care REIT (HCN) downgraded to Hold from Buy at KeyBanc... StellarOne (STEL) downgraded to Market Perform from Strong Buy at Raymond James... Polypore (PPO) downgraded to Hold from Buy at Topeka. |
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| 09:39 EDT |  | SWY | Safeway shares open sharply higher, levels to watch
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| 09:05 EDT |  | SWY | On The Fly: Pre-market Movers
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| 07:53 EDT | | SWY | Safeway sacrificed profitability in Canada deal, says Cantor
After Safeway agreed to sell just over 200 stores in Canada, Cantor reports that Canada accounted for most Safeway's consolidated earnings. The firm thinks that the company will be left with a fraction of its existing earnings base and a 1.3% operating margin business in the U.S. It keeps a Sell rating on the stock. |
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| 06:12 EDT | | SWY | Safeway volatility flat into announcing sale of its Canada unit for C$5.8B
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| 05:52 EDT | | SWY | Safeway downgraded to Neutral from Buy at Citigroup
Citigroup downgraded Safeway citing a lack of near-term catalysts following the Canada sale announcement. The firm keeps a $30 price target for shares. |
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| June 12, 2013 |
| 19:09 EDT | | SWY | On The Fly: After Hours Movers
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| 17:30 EDT | | SWY | Safeway spikes higher following sale of Canada unit
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| 16:33 EDT | | SWY | Safeway announces agreement to sell Canada unit for C$5.8B
Safeway announced that it has entered into an agreement to sell its Canadian operations through a sale of the net assets of Canada Safeway to Sobeys, a Canadian food retailer and wholly-owned subsidiary of Empire Company, for C$5.8B in cash, plus the assumption of certain liabilities. The proceeds from this transaction are expected to be used to pay down $2B of debt, with the majority of the remainder to be used to buy back stock. In the trailing twelve months ended March 23, Canada Safeway's revenues were C$6.7B. Canada Safeway will be accounted for as discontinued operations beginning in Q2. Safeway remains responsible for Canada Safeway's C$300M in public debt due March 2014, and will also retain cash and other receivables in a similar amount in Canada. The transaction is anticipated to close in Q4. |
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| 16:28 EDT | | SWY | Safeway up more than 25% after announcing deal to divest Canada unit
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| June 10, 2013 |
| 07:11 EDT |  | SWY | National Investor Relations Institute to host conference
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