Morgan Stanley Maintains Equal-Weight on Kroger, Raises Price Target to $58
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Simeon Gutman maintains an Equal-Weight rating on Kroger and raises the price target from $57 to $58.

September 13, 2024 | 11:46 am
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NEUTRAL IMPACT
Morgan Stanley has maintained its Equal-Weight rating on Kroger and slightly increased the price target from $57 to $58, indicating a neutral stance with a modestly positive outlook.
The maintenance of an Equal-Weight rating suggests that Morgan Stanley sees Kroger's stock as fairly valued at current levels. The slight increase in the price target from $57 to $58 indicates a modestly positive outlook, but not enough to change the overall neutral stance. This suggests limited short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100