BMO Capital Maintains Market Perform on Albertsons Companies, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Kelly Bania maintains a Market Perform rating on Albertsons Companies (NYSE:ACI) but lowers the price target from $21 to $19.
October 16, 2024 | 1:50 pm
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BMO Capital has maintained its Market Perform rating on Albertsons Companies but has lowered the price target from $21 to $19, indicating a more cautious outlook.
The lowering of the price target from $21 to $19 by BMO Capital suggests a less optimistic view on Albertsons' future performance, which could lead to a negative short-term impact on the stock price. The Market Perform rating indicates that the stock is expected to perform in line with the market, but the reduced price target reflects potential challenges or lower growth expectations.
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