Albertsons Companies Downgraded to Perform at RBC Capital
<p><a href='https://financialmodelingprep.com/financial-summary/ACI'>Albertsons Companies, Inc. (NYSE:ACI) </a>was downgraded to perform from outperform at RBC Capital, as the brokerage believes the upside case is already reflected in shares, noting that the company’s shares increased 59% since the start of the year compared to a 17% increase in the S&P 500.</p>
<p>Looking forward to the upcoming Q2 earnings day (Oct 18), analysts at RBC Capital anticipate another beat-and-raise quarter, mentioning that they are focused on forward gross margin commentary and expect increasing GM headwinds.</p>
<p>Despite moving to the sidelines, the analysts said they continue to positively view the turnaround efforts from the company’s management thus far and believe the long-term algorithm remains intact.</p>

NYSE:ACI