Morgan Stanley raises Kroger price target to $76, bullish on earnings growth

Morgan Stanley raised Kroger’s price target to $76, expressing cautious optimism about the grocer’s future. Earnings growth is expected to accelerate through 2025, with a 1.78% yield and a 20-year dividend track record. The bank’s scenario modeling suggests a bull case price of $105 and a bear case price of $45, with potential for upside. Kroger operates over 2,700 supermarkets, fuel stations, and pharmacies across 35 states, with a strong presence in e-commerce. While Kroger is seen as a defensive anchor for consumer portfolios, some AI stocks may offer greater upside potential.

Read more at Yahoo Finance: Morgan Stanley Lifts Kroger (KR) PT, Maintains Equal Weight Rating