BMO Capital analyst Kelly Bania keeps a Market Perform rating and $21 price target on Albertsons (ACI) after its Q4 results and FY23 commentary. The quarter was solidly ahead of the company’s original expectation, though the performance was supported by higher inflation and offset partially by a decelerating trend on gross margins, the analyst tells investors in a research note. The firm adds that the stock will likely remain rangebound until regulatory clarity emerges on its pending Kroger (KR) deal.
Published first on TheFly
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