Morgan Stanley Initiates Coverage On Food Retailers, Dollar Stores
Morgan Stanley Wednesday morning released a note initiating coverage on a number of players in the food retail and dollar store sectors.
The firm came out more optimistic on "theme-driven" food retail and noted that the dollar store sector is in need of macro improvements to warrant upside.
Based on an AlphaWise survey, Morgan Stanley is looking for natural/organic retail sales to double to $100 billion by 2020.
Additionally, the firm says traditional brick and mortar food retailers are insulated from the eCommerce threat due to lack of consumer interest.
- Kroger (NYSE: KR) - $60 PT, summary
- Whole Foods Market (NASDAQ: WFM) - $50 summary
- Sprouts Farmers Market (NASDAQ: SFM) - $38 summary
- United Natural Foods (NASDAQ: UNFI) - $80 summary
SUPERVALU (NYSE: SVU) - $7 summary
Latest Ratings for KR
|Sep 2016||Barclays||Initiates Coverage on||Equal-Weight|
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