Guggenheim analyst John Heinbockel raised the firm’s price target on Kroger (KR) to $73 from $71 and keeps a Buy rating on the shares. Accelerating operating momentum from the ESI network re-entry, a maturing Media business, and profitable, incremental KR Delivery growth should enable the recent multiple expansion to hold, argues the analyst after reviewing recent 10-K segment-level disclosures that addressed certain bottom-line key performance indicators.
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