Analyst: Grocery Stock Boasts Improving Fundamentals

Shares of Cincinnati-based grocery store giant Kroger Co (NYSE:KR) are 1% higher at $55.92, after landing a bull note from Wells Fargo. The Wall Street brokerage upgraded KR to "overweight" from "equal weight" and lifted its price target to $65 from $58, citing improving fundamentals and "potential for a huge buyback." April 2022 -- KR still boasts an 18.2% year-over-year lead and a 23.6% year-to-date gain. On the charts, Kroger stock is climbing back towards its April 3, annual high of $58.33. Though its s ...