Morgan Stanley Sees Potential Pullback in Safeway (SWY) Shares as Q4 Earnings Could Miss

Shares of Safeway (NYSE: SWY) are down about 0.6 percent Wednesday afternoon as an analyst at Morgan Stanley named the stock a "Short Research Tactical Idea" earlier. The downside comes as the broader stock market is up about 1 percent.

The firm warned investors Safeway shares could be "vulnerable for a pullback" as volumes fell during the fourth quarter of 2011. Morgan Stanley believes Safeway could post an earnings miss when the company reports on Thursday, February 23rd.

A consensus of analysts expects Safeway to report quarterly earnings of 64 cents per share on sales of $13.46 billion.

To track all the analyst action on shares of Safeway, visit our Analyst Ratings page.

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