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Now may not be the best time to accumulate shares of Kroger (KR) UBS says, raising its price...

Now may not be the best time to accumulate shares of Kroger (KR) UBS says, raising its price target by a couple of bucks to $34 and saying that while the company turned in "clean EBIT growth" of 6% in Q1 ("as expected"), the shares are trading just above the target price and are up 26% Y/Y, meaning the market "fully appreciates the new growth model." Better bets might be WFM or TFM, analyst Jason DeRise says. (By contrast: Hilliard Lyons sees more upside for KR)
Comments (1)
  • BMoney007
    , contributor
    Comments (25) | Send Message
     
    I agree with Jason. KR is fully valued. TFM on the other hand is undervalued and the only real competition to WFM. I just hope no one buys up in the interim
    27 Jun 2013, 06:06 PM Reply Like
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