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Evercore ISI Opens Positive Tactical Trade on Kroger (KR)

June 18, 2024 5:12 AM EDT

Evercore ISI analyst Michael Montani reiterated an Outperform rating and $60.00 price target on Kroger (NYSE: KR).

The analyst comments "We are initiating a positive Tactical Trade or TAP on KR ahead of its F1Q earnings on Thursday June 20th with a view that absolute upside is likely to approach high single digits/ mid $50s. KR has declined meaningfully in the last two months... More