J.P. Morgan Sticks to Their Hold Rating for Kroger Company (KR)
In a report released yesterday, Thomas Palmer from J.P. Morgan maintained a Hold rating on Kroger Company, with a price target of $72.00. The company’s shares closed yesterday at $73.37.
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Palmer covers the Consumer Defensive sector, focusing on stocks such as Archer Daniels Midland, Bunge Global, and Darling Ingredients. According to TipRanks, Palmer has an average return of -0.7% and a 45.45% success rate on recommended stocks.
In addition to J.P. Morgan, Kroger Company also received a Hold from Citi’s Paul Lejuez in a report issued yesterday. However, on the same day, Evercore ISI maintained a Buy rating on Kroger Company (NYSE: KR).
Based on Kroger Company’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $34.73 billion and a net profit of $861 million. In comparison, last year the company earned a revenue of $34.31 billion and had a net profit of $634 million
Read More on KR:
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