Albertsons Stock Has Done Well, but Its Valuation Shows It
The downgrade comes after the company’s robust third-quarter earnings report, which Bania applauds. Her concern is how pricey the stock has gotten. While she is still upbeat about Albertsons’ execution and strategy, she says the stock’s valuation gap with Kroger (KR) has closed. That said, Bania does think that the company will get a lift from ongoing pandemic trends. Albertsons didn’t provide much in the way of specific guidance, other than indicating it expects to beat fiscal ...
Source: barrons.com