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Fly News Breaks for March 19, 2015
WFM, COST, PUSH, KR
Mar 19, 2015 | 07:35 EDT
Deutsche Bank raised its price target for Kroger (KR) to $90 saying the stock deserves a multiple more in-line with other "best-in-class grocers and consumer staples," such as Publix Super Markets (PUSH), Costco (COST) and Whole Foods (WFM). Deutsche notes its latest channel checks indicate Kroger's price/value position "remains very strong." It believes the company's competitive advantages should support sustainable earnings growth and keeps a Buy rating on the name.
News For KR;PUSH;COST;WFM 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.