Kroger added to Q3 2024 Tactical Ideas List at Wells Fargo

Wells Fargo analyst Edward Kelly is adding Kroger to the firm’s Q3 2024 Tactical Ideas List. Wells likes the near-term set-up in Kroger. The firm sees strong potential for a Q2 beat/raise against a wall of worry in grocery. Likely resolution of the ACI overhang in September could further fuel upside in the stock, it adds. Wells remains bullish on attractive risk/reward. The firm has an Overweight rating on the shares with a price target of $65.