Form 8-K KROGER CO For: Mar 08
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Kroger (KR) PT Lowered to $36 at RBC Capital, Remains Bullish
March 9, 2018 7:28 AM ESTRBC Capital lowered its price target on Kroger (NYSE: KR) to $36.00 (from $38.00) while maintaining an Outperform rating following results.
Analyst William Kirk expects increased reinvestments to generate quick returns despite investors being spooked by the company's year-over-year margin contraction and weaker margin outlook.
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