S&P Capital IQ lifts its rating on Kroger (K -0.7%) to Buy from Sell and boosted its price...

|By:, SA News Editor

S&P Capital IQ lifts its rating on Kroger (K -0.7%) to Buy from Sell and boosted its price target by $3 to take it to $25. Analysts see a benefit from increased sales of higher-margin generic drugs and moderating food inflation helping to lift the company's bottom line.