Kroger price target raised to $60 from $55 at Telsey Advisory

Telsey Advisory raised the firm’s price target on Kroger to $60 from $55 and keeps an Outperform rating on the shares. The company reported “strong” Q4 results and provided “better-than-expected” FY24 guidance, the analyst tells investors. These results reflect the ongoing success of the company’s merchandising and omnichannel strategies, as well as its strong execution, the firm adds.