Evercore ISI has raised its price target for Kroger (NYSE:KR) to $84 from $77, maintaining an Outperform rating. This adjustment follows reports that Greg Foran, former Walmart U.S. President, is expected to be named Kroger’s next CEO. The firm believes Foran brings “instant credibility” and positions Kroger as a preferred pick for value-oriented food retail investors.
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Kroger price target raised to $84 from $77 at Evercore ISI on CEO news
Evercore ISI has raised its price target for Kroger (NYSE:KR) to $84 from $77, maintaining an Outperform rating. This adjustment follows reports that Greg Foran, former Walmart U.S. President, is expected to be named Kroger’s next CEO. The firm believes Foran brings “instant credibility” and positions Kroger as a preferred pick for value-oriented food retail investors.