Goldman Sachs Added Kroger (KR) to the Conviction Buy List, Citing "Reflation"
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Goldman Sachs added Kroger (NYSE: KR) to the Conviction Buy List, with a $27 12-month price target, as a play on resurgent inflation.
The firm said, "believe a return to moderate food inflation (versus deflation today) will benefit the entire sector and that Kroger, as the industry leader with the strongest comp momentum, is one of the best ways to take advantage of "reflation."
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