J.P. Morgan Initiates Coverage on Kroger With a Neutral Rating

By Steven Anfield
Benzinga Staff Writer
October 31, 2011 7:45 AM

Symbols: KR

Posted in: Analyst Color, Initiation, Analyst Ratings

According to J.P. Morgan, Kroger (NYSE: KR) coverage is initiated with a Neutral rating.

J.P. Morgan said that it initiates coverage of Kroger with a Neutral rating and $25 Dec-12 price target. “We like Kroger but see too little EPS upside and/or multiple expansion to warrant an Overweight rating at the moment.”

Kroger closed on Friday at $23.45.

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J.P. Morgan Initiates Coverage on Kroger With a Neutral Rating

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