J.P. Morgan Likes Kroger Ahead Of Earnings (KR)

Analysts at J.P. Morgan released a research report on Kroger KR today. The firm has an Overweight rating and $24.00 price target on the stock. During Monday's trading session, KR has lost 0.74% to $22.90. The company will be reporting its earnings results later this week. The analysts wrote, "Kroger will report 3Q 10 EPS on December 3rd and we like the setup into the print." J.P. Morgan is estimating that the company will report EPS of $0.33 compared to Street estimates of $0.31. The analysts said that their estimate may prove conservative.