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NEW YORK (

TheStreet

)

-- Safeway

(NYSE:

SWY

) has been upgraded by TheStreet Ratings from hold to buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, attractive valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins.

Safeway Inc., together with its subsidiaries, operates as a food and drug retailer in North America. Safeway has a market cap of $8.2 billion and is part of the

services

TheStreet Recommends

sector and

retail

industry. Shares are down 3.9% year to date as of the close of trading on Thursday.

You can view the full

Safeway Ratings Report

or get investment ideas from our

investment research center

.

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