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KR

Kroger

$25.86

1.48 (6.07%)

08:37
12/01/17
12/01
08:37
12/01/17
08:37

Kroger price target raised to $29 from $20 at BMO Capital

BMO Capital analyst Kelly Bania raised her price target on Kroger to $29 after a Q3 earnings beat, noting "surprisingly strong" gross margins and significant cost of goods savings from the company's negotiations with vendors. Bania also points to tail winds from strong gas margins and says "cyclical deflation pressures" for the industry are in the past. The analyst keeps her Market Perform rating on Kroger, adding there is potential for comps to stabilize/improve modestly in the coming quarters.

KR Kroger
$25.86

1.48 (6.07%)

11/14/17
11/14/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Kroger (KR) assumed with a Neutral at Goldman Sachs. 2. Dollar General (DG) assumed with a Neutral at Goldman Sachs. 3. Sea Limited (SE) was initiated with an Outperform at Cowen, an Overweight at Piper Jaffray, a Buy at Goldman Sachs and Stifel, and an Equal Weight at Morgan Stanley. 4. Supervalu (SVU) assumed with a Sell at Goldman Sachs. 5. Celanese (CE) initiated with a Buy at Tudor Pickering. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/15/17
KEYB
11/15/17
NO CHANGE
KEYB
KeyBanc not surprised by more price cuts at Whole Foods
This morning's announcement marked the third significant wave of price reductions at Amazon's (AMZN) Whole Foods, and importantly, items now incorporate select packaged goods, KeyBanc analyst Edward Yruma tells investors in a research note. The analyst is not surprised at the reduced prices for turkey items heading into the holidays. Following Amazon's announcement, shares of Kroger (KR) are down 20c to $21.82 while Sprouts Farmers Market (SFM) is down 24c to $20.35.
11/16/17
OPCO
11/16/17
NO CHANGE
OPCO
Whole Foods price cuts with no meaningful impact on grocers, says Oppenheimer
Commenting on Amazon's (AMZN) latest round of price cuts at Whole Foods, Oppenheimer analyst Rupesh Parikh says he does not believe the reductions to date have had any meaningful impact on publicly traded grocers such as Kroger (KR), Sprouts Farmers Market (SFM), and Wal-Mart (WMT), but continues to watch developments closely. Negative headlines and uncertainty related to the price cuts likely continue to weigh on the multiples of pure-play grocery players for now, he adds. Wal-Mart and Sprouts Farmers Market remain his top grocery picks.
11/17/17
WELS
11/17/17
NO CHANGE
Target $26
WELS
Outperform
Kroger could buy back up to 14% of shares in 2018, says Wells Fargo
Wells Fargo analyst Edward Kelly believes Kroger's improving free cash flow profile offers a catalyst for the shares. The exploration of strategic alternatives for its convenient store business, coupled with spending reductions, could allow Kroger to repurchase 12%-14% of its shares outstanding in 2018, Kelly tells investors in a research note arguing the company's cash flow is underappreciated. The analyst feels the market remains negative on Kroger with the stock at "depressed levels." He believes the company is a better asset than the current valuation reflects and keeps an Outperform rating on the shares with a $26 price target.

TODAY'S FREE FLY STORIES

PAGP

Plains GP Holdings

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0.11 (0.52%)

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FCX

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Teva

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ACHN

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NMRK

Newmark

, BGCP

BGC Partners

$15.23

-0.56 (-3.55%)

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TEVA

Teva

$18.39

1.08 (6.24%)

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CXRX

Concordia

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AU

AngloGold

$9.21

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AKS

AK Steel

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NMRK

Newmark

, BGCP

BGC Partners

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NDSN

Nordson

$143.86

16.95 (13.36%)

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NMRK

Newmark

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$15.23

-0.56 (-3.55%)

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TEVA

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On The Fly: Top five analyst initiations »

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ORCL

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  • 08

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FL

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, UA

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FL

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UA

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DDR

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ABT

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