Analysts Bump Up Kroger Price Target Post Q4 Results

Analysts raised their price target on Kroger Co KR following the release of Q4 results.
BMO Capital analyst Kelly Bania raised the price target to $57 from $41 and kept a Market Perform rating on the shares, implying a 2% downside.
The analyst notes that the company's Q4 earnings beat was driven by strong comps, which was supported by inflation and a meaningful higher fuel profit.
Meanwhile, Bania warns that the increased wage pressure from union negotiations adds risk to expectations for OG&A leverage.
Related: Kroger Shares Gain On Q4 Earnings Beat, Robust FY22 Outlook
Credit Suisse analyst Robert Moskow increased the price target to $57 from $47 and kept a Neutral rating on the shares.
Telsey Advisory Group analyst Joseph Feldman raised the company's price target to $60 (3% upside) from $54 and maintained Outperform rating on the stock.
Barclays analyst Karen Short increased Kroger's price target to $45 from $38.
Also Read: Kroger Expands Fulfillment Network To Three New Cities
Price Action: KR shares are trading higher by 5.05% at $57.88 on the last check Friday.

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