RBC Capital Maintains Outperform on Albertsons Companies, Lowers Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Steven Shemesh has maintained an Outperform rating on Albertsons Companies (NYSE:ACI) but lowered the price target from $24 to $23.

March 08, 2024 | 3:54 pm
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NEUTRAL IMPACT
RBC Capital maintains an Outperform rating on Albertsons Companies but lowers the price target from $24 to $23.
The adjustment in price target by RBC Capital reflects a slight moderation in their valuation assessment of Albertsons Companies, likely due to updated market conditions or company performance insights. However, maintaining an Outperform rating indicates a continued positive outlook on the company's prospects. This mixed signal could lead to neutral short-term price movement as investors digest both the maintained confidence and the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100