Evercore adds Best Buy to Underperform list, Kroger on Outperform list

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Best Buy (BBY) PT Lowered to $80 at Evercore ISI

March 5, 2025 5:14 AM EST

Evercore ISI analyst Greg Melich lowered the price target on Best Buy (NYSE: BBY) to $80.00 (from $95.00) while maintaining a In Line rating.

The analyst comments "Negative comps and margin erosion in 1Q but flat to up comps and margins for the year the slope of hope is back. Best Buys competitive and industry sales pressures remain, which ultimately makes holding margins above 4% tougher each year. Fiscal 2025 marks the third consecutive year of negative comps. Fiscal 26's guide looks for a flat to positive comp (a nice turn), yet the fears of what... More

Best Buy (BBY) PT Lowered to $110 at DA Davidson

March 4, 2025 4:06 PM EST

DA Davidson analyst Michael Baker lowered the price target on Best Buy (NYSE: BBY) to $110.00 (from $117.00) while maintaining a Buy rating.

The analyst comments "Best Buy beat on the top and bottom lines as the consumer electronics product cycle begins taking shape. The 2025... More

Best Buy (BBY) PT Lowered to $92 at Jefferies

March 4, 2025 1:15 PM EST

Jefferies analyst Jonathan Matuszewski lowered the price target on Best Buy (NYSE: BBY) to $92.00 (from $106.00) while maintaining a Buy rating.

The analyst comments "The replacement cycle remains intact with positive comps for the first time in 13 quarters. Cost discipline is... More

JPMorgan Reiterates Overweight Rating on Kroger (KR)

March 3, 2025 11:30 AM EST

JPMorgan analyst Ken Goldman reiterated an Overweight rating and $71.00 price target on Kroger (NYSE: KR).

The analyst comments "Overall, we didnt hear much on the call that we found particularly notable. And we appreciate the randomness, for lack of a better word, of some of the companys C-suite departures. Whatever... More

Goldman Sachs Reiterates Buy Rating on Kroger (KR)

March 3, 2025 11:30 AM EST

Goldman Sachs analyst Leah Jordan reiterated a Buy rating and $70.00 price target on Kroger (NYSE: KR).

The analyst comments "Earlier today, KR announced the resignation of Chairman and CEO Rodney McMullen following a board investigation of his personal conduct. The board appointed... More

BMO Capital Reiterates Market Perform Rating on Kroger (KR) Following CEO Departure

March 3, 2025 11:24 AM EST

BMO Capital analyst Kelly Bania reiterated a Market Perform rating and $63.00 price target on Kroger (NYSE: KR)

The analyst comments "Kroger announced an abrupt resignation of its long-time CEO and chairman. Kroger also provided some limited commentary on F25 fundamentals, which... More