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Kroger rallies after Telsey turns bullish

Mar. 01, 2022 7:58 AM ETThe Kroger Co. (KR)By: Clark Schultz, SA News Editor10 Comments

Kroger Outdoor Sign

WendellandCarolyn/iStock Editorial via Getty Images

Telsey Advisory Group upgraded Kroger (NYSE:KR) to an Outperform ratings after having it set at Market Perform.

Analyst Joe Feldman said the firm has higher visibility and confidence into Kroger's multi-year omni-channel growth runway—supported

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Comments (10)

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Concerned about inflation and labor costs in the next few years. Could be hard to pass cost to the consumer, then again grocery are not discretionary and house brands could do well as the consumer stretches their dollars.
I've been bullish on KR for a while, but it's going to be a slow roll.
abdulmoiz1254 profile picture

@abdulmoiz1254 now 3.32%! But that's just today's intraday, there's a gap too and current price is >5% above yesterday's close, 10% above a few days ago.

Still below recent highs, but now above Bollinger band so probably going a bit higher near term.
abdulmoiz1254 profile picture
@Just Some Guy
Yeah still around the level it was a month ago where I trimmed
As I didn't feel it would cross 50
Gotta average down

Wouldn't mind it if it does though
@abdulmoiz1254, it's slippery, I've wanted to add for months but can't find a day when the charts look just right, LOL. I have a few shares from lower down, so I'll be averaging up.

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