Imperial Capital Starts SAFEWAY (SWY) at Outperform
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Price: $35.10 --0%
Rating Summary:
4 Buy, 15 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 12 | New: 26
Rating Summary:
4 Buy, 15 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 12 | New: 26
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Imperial Capital initiates coverage on SAFEWAY (NYSE: SWY) with a Outperform and $23 price target based on a sum-of-the-parts valuation.
"We think the stock will trade up on anticipated improving financial performance and potential value creation in early 2013 while providing investors with an attractive dividend yield of 4.28%," the firm said.
Imperial also initiated Buys ratings on the 10-year and 30-year maturities based on attractive relative value.
For an analyst ratings summary and ratings history on SAFEWAY click here. For more ratings news on SAFEWAY click here.
Shares of SAFEWAY closed at $16.33 yesterday.
"We think the stock will trade up on anticipated improving financial performance and potential value creation in early 2013 while providing investors with an attractive dividend yield of 4.28%," the firm said.
Imperial also initiated Buys ratings on the 10-year and 30-year maturities based on attractive relative value.
For an analyst ratings summary and ratings history on SAFEWAY click here. For more ratings news on SAFEWAY click here.
Shares of SAFEWAY closed at $16.33 yesterday.
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