Wells Fargo remains bullish for Albertsons Company (ACI)

Albertsons Companies, Inc. (NYSE:aci) is one of 13 Most Underrated Retail Stocks to Buy Currently. On May 9th, Wells Fargo analyst Edward Kelly was involved in Albertsons Companies, Inc. (NYSE:ACI) has maintained its purchase rating and set a price target of $27.00.

The company’s fourth quarter of fiscal 2024 results showed notable improvements in supporting ratings, with identical sales increasing by 2.3% and digital sales increasing by 24%. Albertsons Companies, Inc. (NYSE: ACI) reported 15% growth in loyalty members to 45.6 million, along with a net profit of $172 million.

Albertsons Companies, Inc. (NYSE: ACI) recently announced the expansion of its business e-commerce platform to more than 2,000 stores, including Star Market, Shaw’s, Albertsons, Acme, Tom Thumb and more. The company leverages its diverse product selection and extensive store network to reach this important customer base in the market.

Albertsons Companies, Inc. (NYSE:ACI) is a US-based food and drug retailer. There are over 2,269 locations in 34 states and the District of Columbia, including Star Market, Shaw, Albertson’s, King’s Food Market, United Supermarket, Hagen, King’s Food Market, ACME, and Carse.

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