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Stock Market & Financial Investment News

News Breaks
February 18, 2014
07:56 EDTSWYSafeway may be exploring strategic alternatives, says Credit Suisse
Credit Suisse said lack of news in recent months from Safeway may suggest the company is exploring strategic alternatives. The firm said the management has kept visibility low with no detail on the upcoming analyst meeting and that there has been an absence of a debt tender and meaningful share buybacks. Credit Suisse believes Q4 could disappoint but valuation provides support. Shares remain Outperform rated with a $40 price target.
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