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Fly News Breaks for March 12, 2018
KR
Mar 12, 2018 | 08:33 EDT
Jefferies analyst Christopher Mandeville views the 10% selloff last week in shares of Kroger as overdone. The company is making the right moves by pulling forward Restock investment post tax reform to better position it for long-term success, Mandeville tells investors in a research note. The analyst sees an attractive risk/reward for Kroger shares and keeps a Buy rating on the name. He trimmed his price target for the stock to $31 from $33.
News For 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.