Will This Price Increase Help Safeway (SWY) Today?
NEW YORK (TheStreet) -- Jefferies increased its price target for Safeway
Shares of Safeway fell 3% to $38.28 in morning trading.
The new price target is just above Safeway's Thursday closing price of $39.47. The increase follows an announcement that the grocery store operator has reached an agreement to be acquired by a private equity consortium led by Cerberus.
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