Kroger added to ‘Tactical Outperform’ list at Evercore ISI

Evercore ISI is adding Kroger (KR) to the firm’s “Tactical Outperform” list ahead of the company’s Q4 results due on March 6 as the firm sees the potential for an 8%-10% upside move in the stock as it begins to get credit for its defensive growth characteristics in a choppy consumer landscape. The firm’s discussions suggest that “many skeptics remain to convert” with Kroger executing at a high level in a modestly favorable industry backdrop. The firm has an Outperform rating and $75 price target on Kroger shares.