Northcoast analyst Chuck Cerankosky upgraded Kroger (KR) to Buy from Neutral with a $60 price target. The stock has receded into the mid-$40 range as some value has been surrendered since the company announced it plans to acquire Albertsons (ACI), but that transaction is "far enough into the future" that the firm thinks investors should focus on the value of Kroger stock "on its own merits," as it says was demonstrated in the company’s recently-reported fourth quarter.
Published first on TheFly
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