Roth Capital analyst Bill Kirk upgraded Kroger (KR) to Buy from Neutral with a price target of $75, up from $66. The company is posting strong alternative profit streams but the stock’s valuation continues to lag peers, the analyst tells investors in a research note. The firm sees channel tailwinds for Kroger and a return to unit volume growth as the consumer faces pressure. On higher better volumes, more inflation, and cost savings, Kroger’s results “should continue to surprise to the upside,” contends Roth.
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