Stephens & Co. Maintains Equal-Weight on Kroger, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Ben Bienvenu has maintained an Equal-Weight rating on Kroger (NYSE:KR) but has reduced the price target from $52 to $50.

December 01, 2023 | 12:06 pm
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Stephens & Co. maintains an Equal-Weight rating on Kroger but lowers the price target from $52 to $50, indicating a potential limited upside or cautious outlook on the stock.
The adjustment in price target by Stephens & Co. reflects a modest change in valuation expectation for Kroger, which could lead to a neutral short-term impact on the stock price. The maintenance of an Equal-Weight rating suggests that the analyst sees the stock as fairly valued at its current level, with the lowered price target indicating a slight reduction in expected performance. Investors may view this as a minor negative signal, but it is unlikely to cause significant movement in the stock price given the rating has not changed.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100