UPDATE - Credit Suisse Downgraded SAFEWAY (SWY) to Neutral; Pension Plan Concerns
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Price: $35.10 --0%
Rating Summary:
4 Buy, 15 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
4 Buy, 15 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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UPDATE - Credit Suisse downgraded SAFEWAY (NYSE: SWY) from Outperform to Neutral, price target cut from $26 to $20.
Analyst, Edward Kelly, sees pension plan under-funded liability at $4.5 billion (after tax or $7 bln pre-tax) and at this point, a 4.9x EBITDA multiple is not as cheap as some may think.
Kelly doesnt' sees a material affect to near-term cash flow, but moves to a Neutral stance on shares.
To see more ratings on SWY, Click Here
Analyst, Edward Kelly, sees pension plan under-funded liability at $4.5 billion (after tax or $7 bln pre-tax) and at this point, a 4.9x EBITDA multiple is not as cheap as some may think.
Kelly doesnt' sees a material affect to near-term cash flow, but moves to a Neutral stance on shares.
To see more ratings on SWY, Click Here
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