BofA Turns Bearish On Kroger Ahead Of Tough Comparisons
By Bryan in Business
Updated 3 years ago
Grocery chain Kroger Co (NYSE:KR) faces difficult comparisons ahead and the stock's valuation could be pressured by negative identical sales in fiscal 2022. The Kroger Analyst: BofA Securities analyst Robert Ohmes downgraded Kroger's stock from Neutral to Underperform with a price target lowered from $40 to $28. The Kroger Thesis:...