Kroger (KR) PT Raised to $58 at BMO Capital

BMO Capital analyst Kelly Bania raised the price target on Kroger (NYSE: KR) to $58.00 (from $46.00) while maintaining a Market Perform rating.

The analyst comments "KR's F4Q24 performance was solid and guidance suggests environment remains stable, which we believe combined with positive disclosures on traffic, digital, retail media, and store growth, is supporting improved investor sentiment around KR shares. KR's 2024 outlook calls for EPS decline on modest comp growth, as volume recovery continues, was largely in line with expectations. We remain cautious that a lower inflationary environment could prove tough and reiterate our Market Perform but raise our target to $58, 12-13x our unchanged F26 EPS of $4.60 (+MSD% y/y)."

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