Market Overview

4 Supermarket Ratings Calls From Goldman

Share:
4 Supermarket Ratings Calls From Goldman

Goldman Sachs updated its ratings for four food retailers/supermarkets, describing the sector as "challenging end market."

"Grocery is a mature, low-growth sector characterized by relentless competition that appears to be intensifying. Industry sales are driven by inflation and correlated to employment, and we do not see an inflection in either relative to the current subdued backdrop," wrote Goldman.

Related Link: Goldman Is Neutral On Supermarkets, Sees Growth And Challenging Market

4 Calls

  • The Kroger Co (NYSE: KR): Upgraded to Buy with $42 price target (17 percent upside)
  • Sprouts Farmers Market Inc (NASDAQ: SFM): Upgraded to Buy with $29 price target (24 percent upside)
  • Whole Foods Market, Inc. (NASDAQ: WFM): Downgraded to Sell with $31 price target (10 percent downside)
  • SUPERVALU INC. (NYSE: SVU): Neutral Rating with $5 price target (5 percent downside)

Full ratings data available on Benzinga Pro.

Do you have ideas for articles/interviews you'd like to see more of on Benzinga? Please email feedback@benzinga.com with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!

Posted-In: Analyst Color Long Ideas Short Ideas Upgrades Downgrades Price Target Analyst Ratings Trading Ideas

 

Related Articles (KR + SFM)

View Comments and Join the Discussion!