The Kroger Co.’s (KR) Price Target Raised
By Benzinga Staff
March 10, 2010 3:23 PM
March 10, 2010 3:23 PM
Symbols: KR
Analysts Andrew P. Wolf and Preston Wilkinson at BB&T Capital Markets have raised the price target for The Kroger Co. (NYSE: KR) from $25 to $26. The price target has been raised due to continued improvements in earnings visibility.
Kroger reported results for the fourth-quarter on Monday. The company reported EPS of $0.39 for the quarter, ahead of analysts’ estimate of $0.33, and the consensus of $0.34. The earnings upside was mainly due to higher-than-expected sales, which grew by 7.2% year-over-year.
Analysts at BB&T Capital Markets continue to rate The Kroger Co. as a Buy (1).
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