Wells Fargo upgraded Kroger (KR) to Equal Weight from Underweight with a price target of $50, up from $42. The analyst says the stock’s risk/reward is more balanced with industry headwinds “near a bottom” and the Albertsons (ACI) merger “coming to a head.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on KR:
- M & A News: FTC Tries to Block Kroger’s (NYSE:KR) Merger with Albertsons
- Kroger Issues Statement on FTC Decision to Block Proposed Merger with Albertsons Companies
- FTC, states preparing suit to block Kroger, Albertsons merger, Bloomberg says
- FTC, states expected to sue to block Albertsons, Kroger deal, Bloomberg says
- GLP-1 users’ grocery spending declines 6%-9% after starting, says Morgan Stanley