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

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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.

Latest Ratings for KR

DateFirmActionFromTo
Dec 2014CitigroupInitiates Coverage onBuy
Dec 2014Credit SuisseMaintainsNeutral
Dec 2014JefferiesMaintainsHold

View More Analyst Ratings for KR
View the Latest Analyst Ratings

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

 

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