BMO Capital Markets cuts Albertsons' PT as margin pressures persist
** BMO Capital Markets cuts PT on Albertsons ACI.N to $19 from $21, citing persistent pressures on margins
** Gross margin pressures are likely to persist for longer than expected along with year-over-year decline in company's grocery sales, brokerage says
** BMO Capital Markets sees potential ongoing impacts from grocery share losses in a competitive market, coupled with uncertainties around store closures and layoffs
** Brokerage Roth MKM cuts PT by $1 to $23
** ACI on Tuesday reported 2.5% rise in Q2 identical sales vs increase of 2.9% a year ago
** Four of 16 brokerages rate stock "buy" or "higher" and 12 "hold"; their median PT is $24 - LSEG data
** Including session's moves, stock down nearly 20% YTD
Reporting by Anuja Bharat Mistry in Bengaluru
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