Albertsons falls after BofA cuts rating to underperform and lowers price target
ACI•Albertsons shares fell 4.3% in premarket trading after Bank of America Global Research cut its rating to underperform from neutral and lowered its price target to $12 from $16.
1. BofA cuts rating
Bank of America Global Research said Albertsons’ earnings power and valuation could face pressure over the next 12 to 18 months, adding that the risk of share loss may be rising in a competitive grocery environment.
2. Outlook and shares
Earlier this week, Albertsons withdrew its fiscal 2026 outlook and launched a review aimed at cutting costs and reviving sales. The stock was down 25.9% year to date as of its last close.
