Information Provided By:
Fly News Breaks for March 15, 2016
TFM, KR, SFM, WFM
Mar 15, 2016 | 07:26 EDT
After Apollo Global agreed to acquire The Fresh Market (TFM), Wells Fargo believes that The Fresh Market's upcoming price investments will probably result in tougher competition for Whole Foods (WFM) and Sprouts (SFM) and, to a lesser extent, Kroger (KR). The firm thinks that Whole Foods has the greatest risk of losing market share to The Fresh Market.
News For WFM;SFM;KR;TFM 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.