Kroger price target raised to $73 from $70 at Telsey Advisory

Telsey Advisory raised the firm’s price target on Kroger (KR) to $73 from $70 and keeps an Outperform rating on the shares. The company recently announced the appointment of CFO David Kennerley, which the firm believes should add value to Kroger, the analyst tells investors. The firm expects the transition will go smoothly and no near-term change to Kroger’s broader strategy.