Albertsons' price target has been lowered by UBS analyst Mark Carden from $27 to $24, while maintaining a Neutral rating on the stock.

Insights gained from an event featuring Albertsons' CEO, CFO, and investor relations team have led to this adjustment. The company expressed confidence in its competitive positioning following the termination of its proposed merger with Kroger. Despite the disappointment surrounding the failed merger, Albertsons has been actively preparing for this outcome for the past 18 months.

The analyst's note indicates that the company is focused on strengthening its market stance and ensuring operational readiness in light of recent developments.