FTC Challenges Kroger’s (KR) Acquisition of Albertsons (ACI)

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Kroger (KR) upgraded at Wells Fargo as industry headwinds near a bottom

February 27, 2024 11:35 AM EST

Kroger (NYSE: KR) was lifted to Equal Weight from Underweight at Wells Fargo on Tuesday, assigning the stock a new price target of $50 from $422 per share.

Analysts at the firm said the risk/reward is more balanced, with industry headwinds near a bottom and ACI coming to a... More