- Analysts raised their price target on Kroger Co (NYSE:KR) following the release of Q4 results.
- BMO Capital analyst Kelly Bania raised the price target to $57 from $41 and kept a Market Perform rating on the shares, implying a 2% downside.
- The analyst notes that the company's Q4 earnings beat was driven by strong comps, which was supported by inflation and a meaningful higher fuel profit.
- Meanwhile, Bania warns that the increased wage pressure from union negotiations adds risk to expectations for OG&A leverage.
- Related: Kroger Shares Gain On Q4 Earnings Beat, Robust FY22 Outlook
- Credit Suisse analyst Robert Moskow increased the price target to $57 from $47 and kept a Neutral rating on the shares.
- Telsey Advisory Group analyst Joseph Feldman raised the company's price target to $60 (3% upside) from $54 and maintained Outperform rating on the stock.
- Barclays analyst Karen Short increased Kroger's price target to $45 from $38.
- Also Read: Kroger Expands Fulfillment Network To Three New Cities
- Price Action: KR shares are trading higher by 5.05% at $57.88 on the last check Friday.
