Skip to main content

Market Overview

3 Retailers Wolfe Research Likes (And 2 It Doesn't)

3 Retailers Wolfe Research Likes And 2 It Doesn't

In a report published Thursday, Wolfe Research analyst Scott Mushkin commented that first hand visits to various retailers across Southern California once again revealed the pressure that both Whole Foods Market, Inc. (NASDAQ: WFM) and Wal-Mart Stores, Inc. (NYSE: WMT) are facing.

Mushkin noted that Kroger co (NYSE: KR) continues to compress the premium to Wal-Mart while also increasing its lines of natural and organic food. The analyst added that Kroger "continues to turn the screws" on its hi-lo promotional pricing strategy to drive sales and customer loyalty. In Southern California, Kroger reduced its premium to Wal-Mart to less than 10 percent from nearly 20 percent just 10 months ago.

At the same time, Sprouts Farmers Market Inc (NASDAQ: SFM) has widened its discount in produce pricing and offers consumers a cheaper basket of goods. In fact, a pricing survey showed Sprouts Farmers Market to be priced at a 10 percent discount on a 60-item basket placing the company at the forefront of the "pure foods movement" and appeals to the middle-income consumer looking to eat healthier while maximizing their budget.

Analyst Ratings

Shares of Kroger are Outperform rated with a $71 price target.

Shares of Sprouts Farmers Markets are Outperform rated with a $47 price target.

Shares of Target Corporation (NYSE: TGT) are Outperform rated with an $85 price target.

Shares of Whole Food Market are Underperform rated with a $35 price target.

Shares of Wal-Mart are Underperform rated with a $66 price target.

Latest Ratings for TGT

May 2021Telsey Advisory GroupMaintainsOutperform
May 2021JP MorganMaintainsOverweight
May 2021Morgan StanleyMaintainsEqual-Weight

View More Analyst Ratings for TGT
View the Latest Analyst Ratings


Related Articles (TGT)

View Comments and Join the Discussion!

Posted-In: Organic Food Organic Grocers retailers Scott Mushkin Wolfe ResearchAnalyst Color Analyst Ratings Best of Benzinga

Latest Ratings

ATUSB of A SecuritiesDowngrades38.0
CNIVertical ResearchUpgrades
LINVertical ResearchUpgrades330.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at