Albertsons price target raised to $28 from $27 at Tigress Financial

Tigress Financial raised the firm’s price target on Albertsons (ACI) to $28 from $27 and keeps a Buy rating on the shares. Albertsons’ ability to leverage its digital media capabilities, invest in new store openings and upgrades, and expand its loyalty program to drive accelerating growth in pharmacy and e-commerce sales and in-store traffic enable it to perform well in a highly competitive environment, the analyst tells investors in a research note. Albertsons’ strength in pharmaceutical and e-commerce sales, combined with its ability to further leverage its massive customer loyalty program, will continue to drive accelerating Business Performance trends, and will continue to drive growth through the ongoing investment of its cash flow in key growth initiatives, the firm says.