Kroger analysts trim price targets after Q2 results
After Kroger’s Q2 beat, Evercore ISI and Telsey Advisory Group kept Outperform ratings but cut KR price targets from $75 to $70 and from $78 to $75.
Kroger Co. 580 billion estimate. 21 estimate, and said second-half earnings growth should benefit from cost savings, pharmacy margins, improving e-commerce profitability and continued retail media growth. 8% from 1% to 2%, saying the revision reflects first-half performance and continued consumer pressures.
CEO Greg Foran said Kroger delivered a solid second quarter, with adjusted EPS growth of 5 percent, and said improving sales momentum remains a top priority. 73. Evercore ISI Group analyst Michael Montani kept an Outperform rating on Kroger and cut the price target from $75 to $70 after the company’s earnings announcement. Telsey Advisory Group analyst Joseph Feldman also kept an Outperform rating on Kroger and reduced the price target from $78 to $75.