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Fly News Breaks for April 9, 2018
KR, CENT
Apr 9, 2018 | 08:43 EDT
SunTrust analyst William Chappell raised his price target on Central Garden & Pet (CENT) to $50, saying the company is "better positioned in the pet and garden segments than it has ever been". Chappell attributes his expectations of strong business momentum for the next few years to the margin expansion trends from the operating initiatives taken by the new management, the company's increasing focus on private label distribution growth, the expansion into Live Pets segment, and February's launch of a partnership with Kroger (KR). The analyst keeps his Buy rating on Central Garden & Pet.
News For CENT;KR From the Last 2 Days
KR
Mar 28, 2024 | 09:53 EDT
Telsey Advisory analyst Joseph Feldman raised the firm's price target on Kroger to $62 from $60 and keeps an Outperform rating on the shares. The firm's meetings with Kroger and investors have increased the firm's visibility and confidence in Kroger's sustainable long-term growth opportunity, the analyst tells investors. Further, Kroger is transitioning to a food-first model from traditional food retail. This transition should create new growth areas that are significantly more profitable than food retail and should boost the profit profile over time, the firm adds.