On January 8, 2026, BofA reduced its price target for Albertsons Companies, Inc. (NYSE:ACI) from $22 to $20. The firm maintained a Neutral rating on the stock. BofA noted an updated fiscal 2026 outlook in its report. It revised its Fiscal Year 2026 adjusted EPS estimate to $2.12. This figure falls within the firm's forecast range of $2.08 to $2.16. According to BofA, growth in pharmaceutical and digital channels contributed to the company's third-quarter sales and earnings.
Also on January 8, Telsey Advisory Group reaffirmed its Outperform rating for Albertsons. However, it reduced its price objective from $24 to $22. An analyst from the firm stated that Q3 earnings exceeded expectations. This performance was attributed primarily to solid growth in digital and pharmacy segments. A sequential improvement in core grocery units was also cited as a factor.
The analyst highlighted several measures that improved performance. These included boosting digital engagement, developing the media collective, improving consumer value, updating capabilities, and increasing productivity.
Albertsons Companies, Inc. is one of the largest supermarket operators in the United States. The company was recently listed among the 12 best food stocks to buy in 2026.