Deutsche Bank Starts Kroger (KR) at Buy; Low-price Positioning, Complemented by its Strong Loyalty Program
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Price: $34.19 --0%
Rating Summary:
7 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 4 | Down: 3 | New: 4
Rating Summary:
7 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 4 | Down: 3 | New: 4
Trade KR Now!
Deutsche Bank initiates coverage on Kroger (NYSE: KR) with a Buy. PT $28.00.
Deutsche analyst says, "While KR bulls have been frustrated at times over the past 2+ years as management diligently focused on its Customer First strategy, we believe these efforts will continue to bear fruit via strong ID trends in the 4-6% range over the next 2+ years. In the process, we expect to see noticeable outperformance vs. its traditional grocer peers (most notably Safeway), which should foster a higher multiple on the stock."
For more ratings news on Kroger click here and for the rating history of Kroger click here.
Shares of Kroger closed at $22.10 yesterday, with a 52 week range of $20.53-$25.85.
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Deutsche analyst says, "While KR bulls have been frustrated at times over the past 2+ years as management diligently focused on its Customer First strategy, we believe these efforts will continue to bear fruit via strong ID trends in the 4-6% range over the next 2+ years. In the process, we expect to see noticeable outperformance vs. its traditional grocer peers (most notably Safeway), which should foster a higher multiple on the stock."
For more ratings news on Kroger click here and for the rating history of Kroger click here.
Shares of Kroger closed at $22.10 yesterday, with a 52 week range of $20.53-$25.85.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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