Analyst: Grocery Stock Boasts Improving Fundamentals

Core Viewpoint - Kroger Co has received an upgrade from Wells Fargo, moving from "equal weight" to "overweight," with a new price target of $65, reflecting improving fundamentals and potential for a significant buyback [1] Group 1: Stock Performance - Kroger's shares are currently up 1% at $55.92 [1] - The stock has an 18.2% year-over-year lead and a 23.6% gain year-to-date [1] - The stock is approaching its annual high of $58.33, although it remains below its all-time high of $62.78 [1] Group 2: Options Market - The Schaeffer's Volatility Index (SVI) for Kroger is at 21%, which is in the low 17th percentile of its 12-month range, indicating low volatility expectations from options traders [1]