Kroger price target raised to $58 from $56 at Roth MKM

Roth MKM analyst Bill Kirk raised the firm’s price target on Kroger (KR) to $58 from $56 and keeps a Neutral rating on the shares. Kroger surpassed Q4 expectations, despite below plan ad revenue and year-over-year fuel headwinds, the analyst tells investors in a research note. The firm added that, with gross margin expansion slowing and uncertainty increasing, it remains Neutral on the stock, even with the “steady” results.