Kroger (NYSE: KR) has recently received a number of price target changes and ratings updates:

  • 9/16/2016 – Kroger had its “sector perform” rating reaffirmed by analysts at RBC Capital Markets. They now have a $37.00 price target on the stock.
  • 9/14/2016 – Kroger had its “buy” rating reaffirmed by analysts at Goldman Sachs Group Inc.. They now have a $39.00 price target on the stock, down previously from $40.00.
  • 9/13/2016 – Kroger had its price target lowered by analysts at Citigroup Inc. from $43.00 to $39.00. They now have a “buy” rating on the stock.
  • 9/12/2016 – Kroger had its price target lowered by analysts at Telsey Advisory Group from $46.00 to $40.00. They now have an “outperform” rating on the stock.
  • 9/12/2016 – Kroger had its price target lowered by analysts at Argus from $45.00 to $43.00. They now have a “buy” rating on the stock.
  • 9/12/2016 – Kroger was given a new $35.00 price target on by analysts at SunTrust Banks Inc.. They now have a “hold” rating on the stock.
  • 9/11/2016 – Kroger was given a new $35.00 price target on by analysts at BMO Capital Markets. They now have a “hold” rating on the stock.
  • 9/9/2016 – Kroger had its price target lowered by analysts at Deutsche Bank AG from $41.00 to $39.00. They now have a “buy” rating on the stock.
  • 9/8/2016 – Kroger had its “underweight” rating reaffirmed by analysts at Piper Jaffray Cos.. They now have a $31.00 price target on the stock.
  • 9/8/2016 – Kroger was given a new $29.00 price target on by analysts at Credit Suisse Group AG. They now have a “hold” rating on the stock.
  • 9/7/2016 – Kroger had its price target lowered by analysts at Royal Bank Of Canada from $39.00 to $37.00. They now have a “sector perform” rating on the stock.
  • 9/7/2016 – Kroger had its “sector perform” rating reaffirmed by analysts at RBC Capital Markets. They now have a $37.00 price target on the stock, down previously from $39.00.
  • 8/31/2016 – Kroger had its price target lowered by analysts at Jefferies Group from $39.00 to $37.00. They now have a “hold” rating on the stock.
  • 8/30/2016 – Kroger was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Stiff competition along with cautious consumer spending may hurt Kroger’s sales performance that fell short of the Zacks Consensus Estimate in the trailing five quarters. Moreover, higher debt-to-capitalization ratio also remains cause of concern that may adversely impact the company’s credit worthiness. Despite these headwinds, the company remains well positioned to deliver higher earnings, primarily through strong identical supermarket sales growth. We believe there remain enormous opportunities to augment identical supermarket sales, alleviate gross margin pressure and improve operating margin. In our view, Kroger’s long term earnings per share growth rate target of 8% to 11% seem achievable. We expect the company to sustain its earnings growth momentum buoyed by Customer 1st strategy, effective cost management and share repurchase activities.”
  • 8/29/2016 – Kroger had its price target lowered by analysts at Citigroup Inc. from $44.00 to $43.00. They now have a “buy” rating on the stock.
  • 8/24/2016 – Kroger was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “A dominant position among the nation’s largest grocery retailers enables Kroger to sustain growth, expand store base, and boost market share. It also remains well positioned to deliver higher earnings, primarily through strong identical supermarket sales growth. This is well reflected from the company’s better-than-expected first-quarter fiscal 2016 bottom line results. We believe there remain enormous opportunities to augment identical supermarket sales, alleviate gross margin pressure and improve operating margin. In our view, Kroger’s long term earnings per share growth rate target of 8% to 11% seem achievable. However, cautious consumer spending and higher debt-to-capitalization ratio remain causes of concern. Moreover, despite registering an increase of 4.7% in the first quarter, total sales fell short of the Zacks Consensus Estimate for the fifth straight quarter.”
  • 8/24/2016 – Kroger had its price target lowered by analysts at Oppenheimer Holdings Inc. from $42.00 to $40.00. They now have an “outperform” rating on the stock.
  • 8/23/2016 – Kroger was downgraded by analysts at Cleveland Research from a “buy” rating to a “hold” rating.
  • 8/4/2016 – Kroger had its “outperform” rating reaffirmed by analysts at Wells Fargo & Co..
  • 8/2/2016 – Kroger was downgraded by analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating. They now have a $35.00 price target on the stock, up previously from $34.01.
  • 7/28/2016 – Kroger had its “hold” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $34.00 price target on the stock.
  • 7/28/2016 – Kroger was downgraded by analysts at Wolfe Research from a “peer perform” rating to an “underperform” rating.
  • 7/26/2016 – Kroger was upgraded by analysts at Goldman Sachs Group Inc. from a “neutral” rating to a “buy” rating. They now have a $42.00 price target on the stock. They wrote, “challenging end market.” “Grocery is a mature, low-growth sector characterized by relentless competition that appears to be intensifying. Industry sales are driven by inflation and correlated to employment, and we do not see an inflection in either relative to the current subdued backdrop,” wrote Goldman.Related Link: Goldman Is Neutral On Supermarkets, Sees Growth And Challenging Market4 CallsThe Kroger Co (NYSE: KR): Upgraded to Buy with $42 price target (17 percent upside)Sprouts Farmers Market Inc (NASDAQ: SFM): Upgraded to Buy with $29 price target (24 percent upside)Whole Foods Market, Inc. (NASDAQ: WFM): Downgraded to Sell with $31 price target (10 percent downside)SUPERVALU INC. (NYSE: SVU): Neutral Rating with $5 price target (5 percent downside)Full ratings data available on Benzinga Pro.Do you have ideas for articles/interviews you’d like to see more of on Benzinga? Please email [email protected] with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card! Posted-In: Analyst Color Long Ideas Short Ideas Upgrades Downgrades Price Target Analyst Ratings Trading Ideas © 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.   Related Articles (KR + SFM) Goldman Is Neutral On Supermarkets, Sees Low Growth And Challenging Market Sprouts Farmers Market Is 'On-Trend' In Goldman's View Is Whole Foods Unable To Compete In The Organic Grocery Space? Goldman Upgrades Kroger To Buy, Unconcerned About Competition From Wal-Mart Benzinga's Top Upgrades The Market In 5 Minutes: Apple And Twitter And McDonald's, Oh My! View Comments and Join the Discussion! 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