KR241213C52000
- 8.15
- 0.000.00%
The Kroger Newsroom
After the merger case of Albertsons Companies (ACI.US) fell through, The Kroger (KR.US) plans to buy back 7.5 billion dollars in stocks.
The Kroger (KR.US) announced on Wednesday that after terminating the merger with Albertsons Companies (ACI.US), it will repurchase $7.5 billion in Stocks.
Kroger on Track for Record High Close -- Data Talk
PepsiCo To Rally Over 17%? Here Are 10 Top Analyst Forecasts For Thursday
U.S. stock market morning | The three major indexes weakened slightly, Adobe fell over 12% after earnings; popular China Concept Stocks rose against the trend, with MINISO up more than 5%.
On the evening of December 12, Peking time, US stocks opened mixed on Thursday. Adobe's Earnings Reports were disappointing, leading to a sharp decline in stock price. The number of people applying for unemployment benefits in the USA unexpectedly increased last week, and the PPI for November rose more than expected. The European Central Bank cut interest rates for the fourth time this year.
UBS Adjusts Price Target on Kroger to $66 From $63, Keeps Neutral Rating
Wells Fargo Maintains Overweight on Kroger, Raises Price Target to $73
Kroger Analyst Ratings
Oppenheimer Maintains The Kroger(KR.US) With Hold Rating
Evercore Maintains The Kroger(KR.US) With Buy Rating, Maintains Target Price $70
Wells Fargo Maintains The Kroger(KR.US) With Buy Rating, Raises Target Price to $73
US stock market outlook | The three major futures indices show slight weakness, with both PPI and initial jobless claims data exceeding expectations; poor earnings guidance leads to Adobe dropping over 10% in pre-market trading.
Central Economic Work Conference: Implement more proactive and effective macro policies to expand domestic demand; not swayed by CPI, the U.S. bond market is more concerned with employment data; The Kroger rose more than 2.4% in pre-market trading and announced it would repurchase 7.5 billion dollars in stocks after the merger deal with Albertsons Companies fell through.
A Quick Look at Today's Ratings for The Kroger(KR.US), With a Forecast Between $62 to $73
Oppenheimer Remains a Hold on Kroger Company (KR)
BMO Capital Adjusts Price Target on Kroger to $63 From $60, Keeps Market Perform Rating
Wells Fargo Adjusts Price Target on Kroger to $73 From $70, Keeps Overweight Rating
Failure of Kroger-Albertsons Merger May Curb Grocers' Advertising Ambitions -- WSJ
Kroger's (NYSE:KR) Performance Is Even Better Than Its Earnings Suggest
U.S. stocks movement | The Kroger rose over 2.4% in pre-market trading and announced it would buy back $7.5 billion in Stocks after the merger deal with Albertsons Companies fell through.
Gelonghui December 12 | The Kroger (KR.US) pre-market rose over 2.4%, reaching $62.84. In terms of news, The Kroger announced on Wednesday that after terminating the merger with Albertsons Companies, it will repurchase $7.5 billion in shares. The Kroger stated in a press release: "Now that The Kroger has terminated the merger agreement, the company is ready to deploy its capacity. With a strengthened balance sheet, The Kroger will resume Share Buyback after a suspension of more than two years." (Gelonghui)
After the merger was blocked, Albertsons Companies (ACI.US) sued The Kroger (KR.US), accusing it of breaching the contract which led to the failure of the Trade.
Albertsons Companies and The Kroger terminated their $25 billion merger plan on Wednesday after a court blocked the Trade, with the former suing its rival, accusing the latter of breaching the contract, leading to the failure of the Trade.
Morgan Stanley raised The Kroger's Target Price to $62.
Morgan Stanley: Raised The Kroger's Target Price from $58 to $62, maintaining a "Neutral" rating. (Gelonghui)