Albertsons Terminates Merger Agreement

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Evercore ISI Reiterates In Line Rating on Albertsons Companies Inc. (ACI)

December 11, 2024 9:58 AM EST

Evercore ISI analyst Michael Montani reiterated an In Line rating and $19.00 price target on Albertsons Companies Inc. (NYSE: ACI)

The analyst comments "We are adding ACI to our TAP Outperform list concurrent with this mornings merger termination announcement and related updates. The trade sets up into the January earnings and our Orlando Summit. CEO Vivek Sankaran along with President & CFO Sharon McCollam are focused on enhancing shareholder value after what has been a difficult stretch for ACI stock and we believe the stock is likely to play some catch up based on... More