BMO Capital Downgrades Kroger (KR) to Market Perform

BMO Capital analyst Kelly Bania downgraded Kroger (NYSE: KR) from Outperform to Market Perform with a price target of $60.00.

The analyst comments: "We are downgrading KR to Market Perform. Our target price remains $60. We believe KR remains on track to reiterate EPS targets for F25 but believe that valuation expansion beyond 13x would likely require stronger grocery market share trends and/or upward EPS revisions. For now, we trim our F25E EPS slightly but remain at the midpoint of F25 guidance. While pending ACI-KR merger still lacks clarity, we estimate that the potential EPS accretion from a deal or no-deal scenario is now largely reflected in the stock."

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 $60.15 yesterday.

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