Kroger price target raised to $85 from $84 at Argus

Argus raised the firm’s price target on Kroger (KR) to $85 from $84 and keeps a Buy rating on the shares. Kroger’s prospects are bolstered by innovative and increasingly affordable private brands, strong customer analytics on 63 million households that allow the company to deliver personalized discounts, and a growing emphasis on fresh foods, as well as by the convenience of online ordering and curbside pick- up at virtually all its stores, the analyst tells investors in a research note. The firm is also raising its FY26 and FY27 EPS views by 5c to $4.80 and $5.20 respectively.