Deutsche Bank Reiterates Buy On Shares Of Kroger Company, $57 PT
In a research report issued today, Deutsche Bank analyst Karen Short reiterated a Buy rating on Kroger Company (NYSE:KR) with a price target of $57.00.
Short noted, “Next week, KR will host its Investor Conference. Below, we discuss some key topics that may be discussed, including a potential new market announcement, dunnhumby, the comp lift from natural & organics, food inflation impact, and temporary decline in ROIC. Given key advantages, including scale, strong local market share positions, extensive PL portfolio, and unparalleled consumer insights, we continue to see KR as very well positioned to deliver continued share gains and sustainable earnings growth for years. “
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Karen Short has a total average return of 3.1% and a 56.3% success rate. Short has a 12.9% average return when recommending KR, and is ranked #1303 out of 3339 analysts.