Kroger (KR) Tops Q1 EPS by 10c

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Kroger (KR) PT Raised to $29 at UBS

June 22, 2018 8:22 AM EDT

UBS raised its price target on Kroger (NYSE: KR) to $29.00 (from $26.00) while maintaining a Neutral rating.

Michael Lasser said KR revealed it can navigate through what's been a challenging environment. The1.4% core ID supermarket revenue was flat with expectations, and it came with stronger than anticipated progress with price controls.

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