Evercore ISI lowered the firm’s price target on Kroger (KR) to $77 from $80 and keeps an Outperform rating on the shares. The latest results “present a mixed bag for investors, with aspects to satisfy both optimists and pessimists,” the analyst argues. Kroger’s strategic shifts and upcoming leadership changes “hold promise for long-term growth,” but near-term challenges from competition and consumer sentiment remain hurdles, the analyst added.
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