- UBS analyst Mark Carden raised the price target on Albertsons Companies Inc ACI to $37 from $31 and kept a Neutral rating on the shares, implying a 5.5% upside.
- Carden noted higher than expected inflation is likely to turn into a tailwind for the company's same-store sales in the fourth quarter.
- Carden expects investors to monitor for any outcome related to Albertsons' strategic alternatives review, with capital return seen as the most likely outlook.
- The analyst predicts the company's risk-reward to be balanced.
- Price Action: ACI shares are trading lower by 0.52% at $35.12 on the last check Monday.
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