Albertsons (ACI) Earnings After Failed Kroger (KR) Merger
Description
Bill Kirk and Pablo Garces cover Albertsons (ACI) earnings. Bill says that we’re waiting for fiscal 2025 guidance in their next report after its failed merger with Kroger (KR). He has a Buy rating and $23 price target on the stock, citing efficiency and buyback programs. Pablo points to lower market share amid competition from mass merchants, dollar stores, and other grocery upstarts. He has a BB+ rating on ACI, expecting it to benefit from a cautious consumer.
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