Market Overview

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

Share:
Related KR
Morning Market Gainers
UPDATE: Kroger Q4 Profit Tops Expectations, Shares Surge
Kroger, Fresh Market EPS Top (Investor's Business Daily)

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
Feb 2015JefferiesMaintainsHold
Feb 2015CitigroupMaintainsBuy
Feb 2015OppenheimerMaintainsOutperform

View More Analyst Ratings for KR
View the Latest Analyst Ratings

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

 

Related Articles (KR)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Benzinga PRO content