Market Overview

UPDATE: Deutsche Bank Raises PT on The Kroger Co. on Very Good 4Q Results

Share:
Related KR
Stocks Hitting 52-Week Highs
Brixmor Property Group Secondary Offering -- Already Baked Into The Cake?
Kroger (KR) Looks Impressive Going into Earnings Season - Analyst Blog (Zacks)

In a report published Friday, Deutsche Bank reiterated its Buy rating on The Kroger Co. (NYSE: KR), and raised its price target from $28.00 to $35.00.

Deutsche Bank noted, “4Q Caps A Strong Year – And 2013 Looks Positive, Too; Buy. KR reported much better-than-expected 4Q results and gave above-Consensus EPS guidance that reflects the positive momentum in the business. All in, +3.0% non-fuel ID's marked the 37th consecutive quarter of growth, a testament to KR's competitive advantages, including its scale, strong local market shares, and the ability to leverage insights from its loyalty card data and dunnhumbyUSA JV. While KR shares have outperformed YTD (+16.3% vs. +8.3% S&P), we still see upside to the shares as KR continues to execute at a high level. Buy.”

The Kroger Co. closed on Thursday at $30.25.

Latest Ratings for KR

DateFirmActionFromTo
Jan 2015Deutsche BankMaintainsBuy
Dec 2014CitigroupInitiates Coverage onBuy
Dec 2014Credit SuisseMaintainsNeutral

View More Analyst Ratings for KR
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings

 

Related Articles (KR)

Around the Web, We're Loving...

Get Benzinga's Newsletters