KR Stock: $34 Target By Credit Suisse

By Amit Chowdhry ● April 20, 2021
  • 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

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.