UPDATE: Credit Suisse Raises PT on Safeway Heading Down the Road of Value Creation

In a report published Friday, Credit Suisse analyst Edward J. Kelly reiterated an Outperform rating on Safeway (NYSE: SWY ), and raised the price target from $34.00 to $40.00. In the report, Credit Suisse noted, “Safeway appears to be accelerating down the road of value creation, as the company announced