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Why This Kroger Analyst Is Turning Bullish


Kroger Co (NYSE:KR) shares were rising in early trading on Tuesday.

While the stock has been under pressure on fears of rising competition, the company’s industry positioning “allows it to continue managing the competitive environment” with stable gross margins, according to BMO Capital Markets.

The Kroger Analyst: Kelly Bania upgraded the rating for Kroger from Market Perform to Outperform, while raising the price target from $58 to $60.

The Kroger Thesis: The company’s pending deal to acquire fellow grocer Albertsons Companies Inc

Full story available on Benzinga.com

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