Citi says that Kroger's defensiveness, domestic focus, large size and share gains make it attractive in the current turbulent market. The firm expects the company's fundamentals to continue to be strong and it finds the stock's valuation attractive. It keeps a Buy rating on the shares.
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Kroger (KR) and Disney (DIS) are in discussions to offer the Disney+ streaming service to paying subscribers of Kroger's grocery delivery program, people familiar with the matter told Bloomberg's Jaewon Kang and Thomas Buckley. If the talks come to fruition, Kroger Boost members could start having access to Disney's streaming service this year at no additional cost, the report said.