BUZZ - Bank of America downgrades Albertsons rating to "Underperform" and cuts target price, shares decline

October 14 - ** The share price of US supermarket chain Albertsons ACI.N fell 4.3% in pre-market trading to $12.17

** Bank of America Global Research downgraded the stock rating from "Neutral" to "Underperform"

** The brokerage lowered the target price from $16 to $12, suggesting a 5.8% downside from the previous trading day's closing price

** The brokerage stated that ACI's profitability and valuation may face pressure over the next 12 to 18 months

** It added, "In a highly competitive grocery market environment, the risk of losing market share may be rising"

** Earlier this week, ACI withdrew its fiscal 2026 outlook (link) and launched a review aimed at cutting costs and reviving sales

** As of the last close, the stock has fallen 25.9% year-to-date

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