JPMorgan analyst Thomas Palmer lowered the firm’s price target on Kroger (KR) to $73 from $75 and keeps a Neutral rating on the shares ahead of the fiscal Q3 report. The firm says weakening consumption trends could present sales risk for Kroger.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KR:
- Kroger’s Strategic Adjustments and Market Challenges Justify Hold Rating Amid eCommerce Expansion Efforts
- Kroger’s Strategic Shift: Balancing Cost Savings with E-commerce Uncertainty
- Kroger’s Strategic Shift: Hold Rating Amid E-commerce Reevaluation and Market Challenges
- Kroger Updates eCommerce Strategy Amid Fulfillment Closures
- Morning News Wrap-Up: Tuesday’s Biggest Stock Market Stories!