B of A Securities Cuts Albertsons to Underperform
B of A Securities cut its rating on Albertsons to Underperform from Neutral and lowered its price target to $12 per share from $16.
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Albertsons Reports Q2 Fiscal 2026 Results and $2 Billion Savings Target
Albertsons reported Q2 fiscal 2026 identical sales down 0.8%, adjusted EBITDA of $784 million and adjusted EPS of $0.36 per share. The company is targeting $2 billion in cost savings over the next three years and said it is reviewing its portfolio and potential strategic actions.