Wells Fargo Remains Bullish on Albertsons Companies (ACI)
From Yahoo Finance: 2025-06-17 11:22:00
Albertsons Companies, Inc. (NYSE:ACI) is listed as one of the 13 Most Undervalued Retail Stocks to Buy Right Now. Wells Fargo analyst Edward Kelly maintained a Buy rating on ACI with a price target of $27.00 on May 9. Fiscal Q4 2024 results showed a 2.3% rise in identical sales and a 24% growth in digital sales.
The company reported a 15% increase in loyalty members to 45.6 million and a net income of $172 million. Albertsons Companies, Inc. (NYSE:ACI) expanded its business eCommerce platform to over 2,000 stores, including Star Market, Shaw’s, and more. Leveraging its diverse product selection and store network, ACI aims to reach a significant customer base.
Albertsons Companies, Inc. (NYSE:ACI) is a US-based food and drug retailer with over 2,269 stores across 34 states and the District of Columbia. The company operates under 20 banners, including Star Market, Shaw’s, and Acme. Considered as an investment opportunity, ACI faces competition from AI stocks offering greater upside potential and lower downside risks.
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Read more at Yahoo Finance: Wells Fargo Remains Bullish on Albertsons Companies (ACI)