Market Overview

UPDATE: Jefferies Initiates Coverage on The Kroger Co. on Positive Outlook, Fair Valuation

Share:
Related KR
Proceed With Caution In Kroger
A New ETF For Low Volatility Fans
Should Kroger Or Wal-Mart Be Worried By Aldi? (Seeking Alpha)

In a report published Tuesday, Jefferies analyst Mark Wiltamuth initiated coverage on The Kroger Co. (NYSE: KR) with a Hold rating and $45.00 price target.

In the report, Jefferies noted, “Kroger is on a roll, striking the right balance between planned gross margin sacrifice and sales growth. The company is consistently out-comping and outearning its conventional grocery peers. As valuation has now recovered to near pre-recession levels, we view KR as fairly valued and expect KR shares to grow 10-12% with earnings growth.”

The Kroger Co. closed on Monday at $39.90.

Latest Ratings for KR

DateFirmActionFromTo
Jan 2016Credit SuisseMaintainsNeutral
Jan 2016Credit SuisseMaintainsNeutral
Dec 2015Wells FargoInitiates Coverage onOutperform

View More Analyst Ratings for KR
View the Latest Analyst Ratings

Posted-In: Jefferies Mark WiltamuthAnalyst Color Initiation Analyst Ratings

 

Related Articles (KR)

View Comments and Join the Discussion!

Get Benzinga's Newsletters