Roth Capital analyst Bill Kirk raised the firm’s price target on Kroger (KR) to $78 from $75 and keeps a Buy rating on the shares after its Q4 earnings beat. With cost savings to fuel reinvestment, the firm expects Kroger’s recent market share gains to continue this year, and it is also encouraged by comments of the new CEO about seeing obvious upside as he looks for business opportunities, the analyst tells investors in a research note.
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