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Jefferies Cuts Price Target on Kroger (KR) to $37 Ahead of 2Q Report

August 31, 2016 8:49 AM EDT

Jefferies maintained a Hold rating on Kroger (NYSE: KR), and cut the price target to $37.00 (from $39.00), ahead of the company's 2Q earnings report. KR is expecting a relatively in line quarter. However, the did lower comp estimates to 2.2% (From 2.8%) as deflation worsens.

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