Cantor Fitzgerald Maintains a 'Hold' on Kroger (KR); Cutting Estimates Ahead of Q1 Report

June 8, 2012 7:54 AM EDT
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Price: $33.39 -0.42%

Rating Summary:
    13 Buy, 13 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 19 | Down: 19 | New: 13
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Cantor Fitzgerald maintains a 'Hold' on Kroger (NYSE: KR) price target of $22.00 (from $24.00).

Analyst, Ajay Jain, said, "Kroger mgt. has telegraphed that 1Q will be one of the more challenging quarters in FY:12 based on especially difficult comparisons over the corresponding period last year. In addition, there is compelling evidence that the operating environment for the sector has become more difficult in recent months. Accordingly, we've lowered our 1Q:12 EPS estimate to $0.72 (from $0.74)."

For an analyst ratings summary and ratings history on Kroger click here. For more ratings news on Kroger click here.

Shares of Kroger closed at $21.74 yesterday.

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