Wells Fargo Upgrades Kroger to Equal-Weight, Raises Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Edward Kelly upgraded Kroger (NYSE:KR) from Underweight to Equal-Weight and increased the price target from $42 to $50.
February 27, 2024 | 11:52 am
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Wells Fargo upgraded Kroger from Underweight to Equal-Weight and raised the price target from $42 to $50.
The upgrade from Underweight to Equal-Weight by a major financial institution like Wells Fargo, accompanied by a significant increase in the price target, is a strong positive signal to the market. This suggests improved confidence in Kroger's financial health and growth prospects, likely leading to increased investor interest and potentially a rise in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100