Wells Fargo Upgrades Albertsons Companies to Overweight, Raises Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Edward Kelly has upgraded Albertsons Companies (NYSE:ACI) from Equal-Weight to Overweight and increased the price target from $22 to $23.
October 18, 2024 | 1:39 pm
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POSITIVE IMPACT
Wells Fargo has upgraded Albertsons Companies to Overweight and increased its price target to $23, indicating a positive outlook.
The upgrade from Equal-Weight to Overweight by Wells Fargo suggests increased confidence in Albertsons' performance, likely leading to positive investor sentiment and potential stock price increase. The raised price target further supports this positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100