Jefferies Reiterates Buy Rating on Kroger (KR)
Jefferies analyst Rob Dickerson reiterated a Buy rating and $75.00 price target on Kroger (NYSE: KR)
The analyst comments "KR posted a solid Q4 ID sales/profit beat while guiding F'25 IDs to +2-3%, inclusive of an inflation uptick which we spoke to ahead of the quarter. With inflation at +1.5%-2.5%, implications are volumes could be flattish/slightly up, a positive outlook suggesting stability, in our view. Mgmt spoke to positive Q4 contribution from both traffic and household growth, another supportive result given channel shift headwinds over past two years. Reit BUY."
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Shares of Kroger closed at $63.78 yesterday.