Albertsons Companies shares are trading higher after Wells Fargo upgraded the stock from Equal-Weight to Overweight and raised its price target on the stock from $22 to $23.
Portfolio Pulse from Benzinga Newsdesk
Albertsons Companies shares rose following an upgrade by Wells Fargo from Equal-Weight to Overweight, with a price target increase from $22 to $23.
October 18, 2024 | 5:36 pm
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Albertsons Companies received an upgrade from Wells Fargo, moving from Equal-Weight to Overweight, with a price target increase from $22 to $23.
The upgrade by Wells Fargo suggests increased confidence in Albertsons' performance, likely leading to positive investor sentiment and a short-term price increase. The raised price target further supports this positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100