UBS Bumps Up Albertsons Price Target By 19%

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.