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

By Reuters News

** Shares of US grocer Albertsons ACI.N 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

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