Kroger Company Gets a Buy Rating from Credit Suisse


In a report issued on May 23, Judah Frommer from Credit Suisse maintained a Buy rating on Kroger Company (NYSE: KR), with a price target of $30. The company’s shares closed yesterday at $24.56.

According to TipRanks.com, Frommer is a 2-star analyst with an average return of 3.1% and a 66.7% success rate. Frommer covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Performance Food Group, and US Food Holdings Corp.

Currently, the analyst consensus on Kroger Company is Moderate Buy and the average price target is $27.79, representing a 13.2% upside.

In a report issued on May 17, Merrill Lynch also upgraded the stock to Buy with a $33 price target.

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The company has a one-year high of $31.45 and a one-year low of $19.69. Currently, Kroger Company has an average volume of 10.69M.

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The Kroger Co. engages in the operation of retail food and drug stores, multi-department stores, jewelry stores, and convenience stores. It also manufactures and processes some of the food for sale in its supermarkets. The combination food and drug Stores are the primary food store format.

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