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- S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran
- Oil settles down more 3% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
- Alan Greenspan, influential former Federal Reserve chair, dies at 100
- Buy gold stocks as valuations are cheap amid macro tension: BofA
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
Kroger (KR) PT Lowered to $32 at Pivotal Research Following Mixed 4Q
March 3, 2017 8:20 AM ESTPivotal Research lowered its price target on Kroger (NYSE: KR) to $32.00 (from $35.00) while maintaining a Hold rating. Reported 4Q EPS was $0.53, $0.01 better than consensus. However, the top-line performance took a step backward with -0.7% IDs ex. fuel.
Analyst Ajay Jain commented, "The latest results at Kroger and Albertsons point to a rapidly... More
Jefferies Remains Sidelined on Kroger (KR) Following 4Q
March 3, 2017 7:08 AM ESTJefferies reiterated a Hold rating and $30.00 price target on Kroger (NYSE: KR) following the company's 4Q earnings report. Adjusted EPS of $0.53 fell short of the $0.52 consensus. KR provided 2017 EPS guidance of $2.21-2.25 vs.$2.23 consensus.
Analyst Christopher Mandeville commented, "As expected, 4Q16 comps/EPS (ex $0.02... More
