Albertsons price target lowered to $24 from $26 at Telsey Advisory

Telsey Advisory analyst Joseph Feldman lowered the firm’s price target on Albertsons (ACI) to $24 from $26 and keeps an Outperform rating on the shares. The company reported better-than-expected Q4 results, reflecting the company’s continued gains from strategic initiatives, the analyst tells investors. Guidance for FY25, however, was disappointing, as investments in strategic initiatives are forecasted to weigh heavily on profitability.