These Analysts Boost Their Forecasts On Kroger

Group 1 - Kroger Company terminated its merger agreement with Albertsons Companies following a preliminary injunction by the U.S. District Court in Oregon [1] - Kroger's Board approved a new $7.5 billion share repurchase program, replacing the previous $1 billion authorization from September 2022 [1] - The company plans to execute an accelerated share repurchase agreement for about $5 billion of common stock [2] Group 2 - Kroger anticipates strong free cash flow and remains focused on capital allocation priorities [2] - Following the termination of the merger agreement, Kroger will redeem $4.7 billion in senior notes issued on August 27, 2024 [2] - Kroger shares gained 3.1% to trade at $63.20 on Thursday [2] Group 3 - Analysts have made changes to their price targets for Kroger following the announcement, with Wells Fargo raising the target from $70 to $73 [4] - BMO Capital raised its price target from $60 to $63, while UBS raised its target from $63 to $66 [4] - The consensus price target for Kroger is $60.36 based on the ratings of 22 analysts, with an implied 6.15% upside from the most recent ratings [5]