topstockalerts
Sep 29, 8:10 PM
Melius Research analyst Jacob Aiken-Phillips upgraded Kroger from Hold to Buy and raised his price target to
$80 from
$75, citing expectations for accelerating earnings growth. The upgrade brings Kroger’s Wall Street coverage to 11 Buy ratings and 13 Holds, with no active Sell ratings, reflecting broadly constructive analyst sentiment toward the stock.
The rating change comes alongside additional corporate activity. Kroger launched a two-tranche bond offering on Sept. 28, highlighting continued access to debt markets, while several Form 4 filings disclosed insider transactions by executives or directors.
Kroger shares were also outperforming a weaker broader market, with the S&P 500 down 0.4%, the Dow Jones Industrial Average off 0.5% and the Nasdaq down 0.3%. The stock was trading near the lower end of its 52-week range of
$54.15-
$76.58, potentially drawing interest as investors assess the company’s earnings outlook.
$KR
