Reported 2 days ago
Albertsons Companies, Inc. (ACI) stands out among the best retail stocks to buy, as recent retail sales data indicates robust consumer spending despite market volatility. With a notable 1.4% growth in March retail sales exceeding expectations and a strong financial performance reported for 2024, ACI is ranked fifth on a list of top retail stocks compiled based on hedge fund sentiment. Analysts maintain a positive outlook, with a Buy rating and a price target set at $23.00, showcasing the company's resilience and growth potential amidst economic uncertainties.
Source: YAHOO