- The shares of Kroger Co (NYSE: KR) have received a price target of $34 by Credit Suisse. These are the details.
The shares of Kroger Co (NYSE: KR) have received a price target of $34 by Credit Suisse. And Credit Suisse analyst Kaumil Gajrawala reiterated a “Neutral” rating on the company shares.
Gajrawala cited the company’s two new Ocado customer fulfillment centers in Ohio and Florida as being able to make direct-to-consumer deliveries starting this spring. And Gajrawala noted there are four key points to note about the initiative:
1.) Variable pricing
2.) Plans to employ 400 people at the facility in Ohio
3.) The company is planning to open more automated customer fulfillment centers in a wide range of sizes
4.) The company’s drivers have been a strategic advantage for offering a better delivery experience compared to third-party vendors
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