Pre-Earnings Bull Note Boosts Grocery Stock

Kroger Co (NYSE:KR) stock is 2.6% higher this afternoon, last seen trading at $48.51 after Wells Fargo upgraded it to "equal weight" from "underweight" and hiked its price target to $50 from $42. In its note, the analyst said it expects Kroger's unit volumes in food retail to improve. This upgrade comes before the Cincinnati-based grocery chain operator is slated to report fourth-quarter financial results, due out before the open on Thursday, March 7.A look at Kroger stock's history of post-earnings reactio ...