Albertsons falls after BofA cuts to 'underperform', lowers PT

Albertsons Companies

14/10/2026 13:30

** Shares of US grocer Albertsons ACI.N slips 4.3% to $12.17 premarket
** Bank of America Global Research lowers stock to "underperform" from "neutral" rating
** Brokerage cuts PT to $12 from $16, implying a 5.8% downside from the stock's last close
** ACI's earnings power and valuation could both see pressure over the next 12-18 months, brokerage says
** Adds "risk of share loss may be rising in a competitive grocery environment"
** Earlier this week, ACI withdrew its FY2026 outlook and launched a review aimed at cutting costs and reviving sales
** Stock was down 25.9% YTD as of last close

 (Reporting by Darshan Kumar in Bengaluru)
 ((darshan.kumar@thomsonreuters.com))