Tigress Financial has increased its price target for Albertsons (ACI, Financial) to $28, up from the previous $27, while maintaining a Buy rating on the company's stock. This adjustment reflects confidence in the grocery chain's strategic initiatives to maximize growth and enhance its market position.
Albertsons' ability to capitalize on digital media capabilities and invest in new store developments is a key factor in its projected growth. The company is also expanding its customer loyalty program, which is expected to boost in-store traffic and drive sales in both pharmacy and e-commerce sectors.
The firm highlights that Albertsons' robust performance, particularly in pharmaceutical and online sales, is set to continue. By harnessing its extensive loyalty program and strategically deploying its cash flow into critical growth projects, Albertsons aims to sustain positive business performance trends in a highly competitive market.
