BUZZ — Albertsons falls after BofA cuts to 'underperform', lowers PT

* Shares of US grocer Albertsons slips 4.3% to $12.17 premarket * Bank of America Global Research lowers stock to "underperform" from "neutral" rating * Brokerage cuts PT to $12 from $16, implying a 5.8% downside from the stock's last close * ACI's earnings power and valuation could both see pressure over the next 12-18 months, brokerage says * Adds "risk of share loss may be rising in a competitive grocery environment" * Earlier this week, ACI withdrew its FY2026 outlook and launched a review aimed at cutting costs and reviving sales * Stock was down 25.9% YTD as of last close (Reporting by Darshan Kumar in Bengaluru) ((darshan.kumar@thomsonreuters.com)