Kroger price target raised to $63 from $60 at BMO Capital

BMO Capital raised the firm’s price target on Kroger (KR) to $63 from $60 and keeps a Market Perform rating on the shares. The firm is adjusting its model on the company’s recent announcement that the Kroger-Albertsons (ACI) merger agreement has been terminated and with Kroger announcing share repurchase plans. BMO is estimating a 4% EPS accretion from the $5B accelerated share repurchase and raises its F26 EPS view to $4.82 from $4.65, the analyst tells investors in a research note.