Bank of America Lowers Albertsons (ACI) PT to $22 Despite Q2 Earnings Beat

Albertsons Companies Inc. (NYSE:ACI) is one of the best large cap stocks to buy under $20. On October 15, Bank of America analyst Robert Ohmes lowered the firm’s price target on Albertsons to $22 from $24 and kept a Neutral rating on the shares. This announcement was made as BofA raised its FY2026 adjusted EPS view by $0.03 to $2.13, which is in line with updated guidance after Q2 2025 earnings came in ahead of forecasts.

However, the firm still lowered its price target based on a lower multiple applied to its $0.05 higher FY2027 adjusted EPS forecast due to the lower peer and market multiples. On the same day, Wells Fargo analyst Edward Kelly maintained a Buy rating on Albertsons with a price target of $23.00. RBC Capital analyst Steven Shemesh also reiterated a Buy rating and set a price target of $21.00.

Albertsons Companies Inc. (NYSE:ACI), through its subsidiaries, operates in the food and drug retail industry in the US.

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