Barclays Reiterates Equalweight Rating on Kroger (KR)

Barclays analyst Karen Short reiterated an Equalweight rating and $68.00 price target on Kroger (NYSE: KR).

The analyst comments "We view the hire of Greg Foran as CEO as an incremental positive for the Kroger story, one that could reshape the narrative and create one of the better self-help stories over the next couple of years. We believe that this is the best case scenario for Kroger’s leadership transition, given Mr. Foran’s experience and many similarities to Walmart at a similar point in its lifecycle. There are opportunities to improve operationally (stores, people, supply chain etc.), leverage stores for digital and refine the pricing strategy (need for EDLP?), and improve the assortment. The natural question will be the level of investments to accelerate growth as we saw with Walmart. The company reaffirmed 2025 guidance, and we didn’t sense a major change for 2026 plans, although the magnitude of strategic change and potential investments beyond that are unclear."

For an analyst ratings summary and ratings history on Kroger click here. For more ratings news on Kroger click here.

Shares of Kroger closed at $67.50 yesterday.

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