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The Kroger Newsroom
Kroger's Earnings Are This Week. Wall Street Is Divided. -- Barrons.com
Jefferies Financial: Upgraded the Kroger rating to "buy", with a target price raised to $73.
Keronghui on December 3rd | Jefferies Financial upgraded the rating of food retailer the kroger from "hold" to "buy", and raised the target price from $54 to $73. The analyst stated that the foot traffic trend of the kroger improved in October, and the fuel business as an "increment", is currently more profitable structurally than before the pandemic. Even if the $25 billion merger with competitor Albertsons did not materialize, the kroger will still retain $6 billion of its raised $10.5 billion debt, and may use it for share buyback to increase earnings per share. If the trade is successful, the kroger has the opportunity
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