Albertsons price target lowered to $23 from $27 at Wells Fargo

Wells Fargo analyst Edward Kelly lowered the firm’s price target on Albertsons (ACI) to $23 from $27 and keeps an Overweight rating on the shares. The air is out of the grocery trade, especially Albertsons, the firm says. Headline concerns may continue to weigh but story is dynamic, Wells adds, arguing that it wouldn’t take much to yield upside.