Wells Fargo Adjusts Kroger (NYSE:KR) Rating and Price Target

Wells Fargo has adjusted its rating for Kroger (NYSE:KR) to "Overweight" and lowered its price target from $78 to $70.Kroger's Q3 results showed a decline in stock price despite an EPS beat, with revenue meeting expectations but full-year EPS guidance slightly below analyst expectations.Despite challenges such as macroeconomic uncertainties and cautious consumer spending, Kroger's gross margin improved, thanks to reduced shrinkage and a robust private-label mix.On December 4, 2025, Wells Fargo adjusted its ...