Albertsons price target lowered to $19 from $21 at BMO Capital

BMO Capital lowered the firm’s price target on Albertsons to $19 from $21 and keeps a Market Perform rating on the shares. The company’s Q2 results beat forecasts but still declined from last year, and the underlying trends point to continued grocery market share losses amid an increasingly competitive environment and further uncertainty in a deal-break scenario, the analyst tells investors in a research note. BMO also cuts its FY25 EPS view on Albertsons by 10c to $2.21 and FY26 view by 12c to $2.12.