Albertsons reinstated with a Buy at Goldman Sachs

Goldman Sachs analyst Leah Jordan reinstated coverage of Albertsons (ACI) with a Buy rating and $26 price target The firm sees an attractive risk/reward setup for Albertsons as it believes the stock’s valuation already reflects investor concerns on the expected step-up in investments and likely conservative guide for fiscal 2025. Improving trends throughout the year should support a re-rating in the stock “off of depressed levels,” the analyst tells investors in a research note.