Kroger price target raised to $70 from $65 at BofA

BofA raised the firm’s price target on Kroger to $70 from $65 and keeps a Buy rating on the shares following the company’s “strong” Q4 and FY25 guidance. The firm sees support for Kroger’s outlook both near and long-term given growing contributions from alternative profit streams and increased focus on pharmacy with a significant opportunity to convert existing customers that do not currently utilize Kroger’s pharmacies, the analyst tells investors.