Roth MKM analyst Bill Kirk raised the firm’s price target on Kroger (KR) to $58 from $56 and keeps a Neutral rating on the shares. The company’s Q4 results surpassed expectations, despite below-plan ad revenue and fuel headwinds, the analyst tells investors in a research note. Roth MKM adds however that Kroger’s gross margin expansion is slowing and uncertainty is increasing.
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Read More on KR:
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- Kroger Reports Strong 2024 Earnings and Positive Outlook
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