Goldman Sachs Cuts Price Target On SAFEWAY (SWY)
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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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Goldman Sachs lowered its 6-month price target on SAFEWAY (NYSE: SWY) from $20 to $17, saying traditional grocers will find it increasingly challenging to pass on rising costs with a slow macro backdrop.
The firm continues to advocate leaning into secular stories with accelerating fundamentals, like Whole Foods (NYSE: WFM), and out of mature, "share donors that cannot create their own wake" - like SAFEWAY and Kroger (NYSE: KR).
For more ratings news on SAFEWAY click here and for the rating history of SAFEWAY click here.
Shares of SAFEWAY closed at $17.02 yesterday.
The firm continues to advocate leaning into secular stories with accelerating fundamentals, like Whole Foods (NYSE: WFM), and out of mature, "share donors that cannot create their own wake" - like SAFEWAY and Kroger (NYSE: KR).
For more ratings news on SAFEWAY click here and for the rating history of SAFEWAY click here.
Shares of SAFEWAY closed at $17.02 yesterday.
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