RBC Capital Starts Kroger (KR) at Sector Perform

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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