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Albertsons initiated with an Underweight at Barclays

Barclays initiated coverage of Albertsons (ACI) with an Underweight rating and $19 price target The firm says the large grocers are trying to get a larger piece of a “shrinking food retail pie” as food share continues to shift to other channels. More investments from companies may be needed and stock valuations seem full, the analyst tells investors in a research note.

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