MoffettNathanson lowers Kroger (NYSE:KR) to a Neutral rating after having the grocery stock set at Buy. There are now more Neutral/Hold equivalent ratings from Wall Street analysts on Kroger than Buys.
The investment firm's price target of $27 reps 11% downside potential for shares.
Kroger is down 0.37% in premarket trading to $24.26 vs. a 52-week trading range of $19.69 to $31.45.
Subscribe for full text news in your inbox