Goldman Sachs Maintains Neutral on Kroger

Goldman Sachs is out with its report today on Kroger KR, maintaining Neutral. In a note to clients, Goldman Sachs writes, "For KR, we see an easier set-up given the stock has retreated 9% over the past two weeks (vs. -4% S&P 500). While we see a favorable risk-reward into the print, we remain cautious longer-term as higher 2H inflation on the horizon may prove more challenging to pass on to the consumer." Goldman Sachs maintains a $25 PT on KR. At the time of posting, shares of KR were trading at $23.17, down 0.22% from Tuesday's close.