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May 16, 2002

UK: UBS Warburg slashes Safeway price target

Earlier today [Thursday], investment bank UBS Warburg revealed that it has cut its price target on Safeway, the fourth largest supermarket chain in the UK. The bank has retained its “hold” rating of the retailer’s stock, by its price target was dropped from £3.25 (US$4.73) to £3.

Earlier today [Thursday], investment bank UBS Warburg revealed that it has cut its price target on Safeway, the fourth largest supermarket chain in the UK.

The bank has retained its “hold” rating of the retailer’s stock, by its price target was dropped from £3.25 (US$4.73) to £3.

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