Market Overview

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

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

View More Analyst Ratings for KR
View the Latest Analyst Ratings

Posted-In: Jefferies Mark WiltamuthAnalyst Color Initiation Analyst Ratings

 

Related Articles (KR)

Around the Web, We're Loving...

Get Benzinga's Newsletters