Barclays lowered the firm’s price target on Kroger (KR) to $68 from $75 and keeps an Equal Weight rating on the shares. The firm is positive on the broadlines, hardlines and food retail sector entering 2026. It sees improvements in discretionary goods demand with potential for a “modest bump” from consumer tax savings ahead and interest rate cuts.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KR:
- Albertsons Earnings: ACI Stock Sinks as Modest Sales Growth Miss Forecast
- Midday Fly By: Wegovy weight loss pill approved, ServiceNow inks security deal
- Kroger announces incremental $2B share repurchase authorization
- Walmart Stock (WMT) Slides as it Faces Baby Botulism Lawsuit
- Walmart (WMT) Receives FDA Warning for Selling Recalled Baby Formula