RBC Capital Lowers PT on Albertsons Companies (ACI) to $21 From $23

Albertsons Companies, Inc. (NYSE:ACI) is one of the most undervalued retail stocks to invest in. On October 3, RBC Capital analyst Steven Shemesh lowered the firm’s price target on Albertsons Companies, Inc. (NYSE:ACI) to $21 from $23 while keeping an Outperform rating on the shares.

The firm told investors in a research note that it is bringing its Q2 EBITDA view down to $821M from $844M, considering the state-weighted scanner data analysis, conversations, and peer read-throughs.

It added that investors may continue to be cautious due to concerns regarding a need for low visibility into margin tailwinds ramping and a need for ongoing price investment.

Albertsons Companies, Inc. (NYSE:ACI) is a US-based food and drug retailer. It has stores spread across several US states under 20 banners, including Star Market, Shaw’s, Albertsons, Kings Food Markets, United Supermarkets, Haggen, Kings Food Markets, Acme, Carrs, and more.

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Disclosure: None. This article is originally published at Insider Monkey.