Goldman Sachs Maintains Buy on on Safeway Inc. (SWY)

Goldman Sachs is out with its report on Safeway Inc. SWY, maintaining Buy.

In the report, Goldman Sachs comments on the upcoming SWY Analyst Day writing, "We expect a positive tone from management with a focus on (1) 2010 Performance – improving fundamentals through 4Q and (2) 2011 Outlook – looking for EPS guidance of $1.65-$1.75."

Goldman Sachs later adds, "On the heels of a relatively low-quality 4Q2010 EPS beat and Kroger's solid 4Q results, we believe SWY's positive tone and outlook will reinforce our view that the sector has reached an inflection point."

Goldman Sachs maintains its $25 PT.

Shares of SWY opened Friday at $21.67.