UBS Bumps Up Albertsons Price Target By 19%

• UBS analyst Mark Carden raised the price target on Albertsons Companies Inc (NYSE:ACI) to $37 from $31 and kept a Neutral rating on the shares, implying a 5.5% upside.
• Carden noted higher than expected inflation is likely to turn into a tailwind for the company's same-store sales in the fourth quarter.
• Carden expects investors to monitor for any outcome related to Albertsons' strategic alternatives review, with capital return seen as the most likely outlook.
• The analyst predicts the company's risk-reward to be balanced.
• Price Action: ACI shares are trading lower by 0.52% at $35.12 on the last check Monday.