Telsey Advisory upgraded Albertsons (ACI) to Outperform from Market Perform with a price target of $26, up from $21. The firm says its discussion with Albertsons increased its visibility and confidence in the potential for growth in sales and profits following the termination of the Kroger (KR) merger. Albertsons never stopped working to improve its business over the past two years and it aims to accelerate the implementation of key strategic initiatives and enhance execution to generate solid returns, the analyst tells investors in a research note.
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