Market Overview

UPDATE: Citigroup Raises PT on The Kroger Co. Following Meeting with CEO

Related KR
Benzinga's M&A Chatter for Wednesday July 2, 2014
Markets Little Changed Ahead Of 4th Of July Break
A Stock Play to Help You Sleep at Night (Fox Business)

In a report published Wednesday, Citigroup analyst Deborah L. Weinswig reiterated a Buy rating on The Kroger Co. (NYSE: KR), and raised the price target from $44.00 to $47.00.

In the report, Citigroup noted, “Mgmt. remains upbeat about growth opportunities (both physical and online), reinforcing our view that KR is the top supermarket operator. We had the unique opportunity to meet with CEO Dave Dillon following his year-end retirement announcement. We also toured a Kroger Marketplace store in Hebron, KY. Against the backdrop of a fragile and slow consumer environment, we believe KR's steady approach to building loyalty will continue to bolster its competitive position. We reiterate our Buy and are raising our target price to $47, up from $44 prev.”

The Kroger Co. closed on Tuesday at $40.85.

Posted-In: Citigroup Deborah L. WeinswigAnalyst Color Price Target Analyst Ratings

 

Most Popular

Related Articles (KR)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters