RBC Capital Starts Kroger (KR) at Sector Perform
Get Alerts KR Hot Sheet
Rating Summary:
13 Buy, 15 Hold, 8 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
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RBC Capital initiates coverage on Kroger (NYSE: KR) with a Sector Perform rating and a price target of $77.00.
Analyst William Kirk commented, "Kroger delivered a banner year in 2014, with identical store sales besting the category and some specialty natural/organic stores. However, with valuation at peak levels (absolute and relative basis) and 2014 tailwinds reversing/abating in 2015, we believe there is limited remaining upside to shares. We project 3.6% identical store sales growth and EPS of $3.81 in 2015 (consensus 3.9% and $3.88, respectively)."
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 $71.70 yesterday.
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