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Stock impact report

Wells Fargo Turns Neutral on Kroger (KR), Flags Spending and Growth Concerns [Yahoo! Finance]

Kroger Company (The) (KR) 
Last kroger company (the) earnings: 3/5 08:30 am Check Earnings Report
US:NYSE Investor Relations: ir.kroger.com
Company Research Source: Yahoo! Finance
The Kroger Co. (NYSE: KR ) is included among the 14 Best Affordable Dividend Stocks to Buy According to Analysts Wells Fargo Turns Neutral on Kroger (KR), Flags Spending and Growth Concerns On February 25, Wells Fargo downgraded The Kroger Co. (NYSE:KR) to Equal Weight from Overweight. It also lowered its price target to $68 from $70. The firm said it is becoming more cautious and prefers to move to the sidelines for now. The analyst sees some potential under Kroger's new leadership. Even so, the company will likely need to increase spending at a time when the grocery sector is already under pressure. Wells Fargo also expects near-term earnings risk, with core growth likely to remain muted. In its view, the current risk and reward balance does not justify a more positive stance. CNBC reported on February 8 that Kroger appointed Greg Foran as its new CEO. He previously held senior roles at Walmart and most recently served as CEO of Air New Zealand. His appointment followed a yea Show less Read more
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