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Wednesday, 07/22/2020 12:41:34 AM

Wednesday, July 22, 2020 12:41:34 AM

Post# of 312622
$ACI Albertsons initiated with a Buy at Citi Citi analyst Paul Lejuez initiated coverage of Albertsons with a Buy rating and $22 price target. The company is "winning in this uncertain environment" and is well positioned to capitalize on eat at home trends, Lejuez tells investors in a research note. Following its initial public offering on June 26, the stock is down 3%, presenting an attractive entry point for a pure play food retailer, says the analyst.

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