Is The Kroger Co. (KR) One of the Best Stocks to Buy Now For Good Returns amid Price Target Cuts?
Key takeaways
- (KR) One of the Best Stocks to Buy Now For Good Returns amid Price Target Cuts?
- The investment bank terms the strategy of self-funding price investments to drive market share as prudent, given CEO Greg Foran's track record of supporting execution.
- Similarly, on June 22, UBS reiterated a Neutral rating on the stock and cut the price target to $63 from $70.
Is The Kroger Co. (KR) One of the Best Stocks to Buy Now For Good Returns amid Price Target Cuts? Abdul Rahman Mon, June 29, 2026 at 6:56 PM GMT+7 2 min read KR The Kroger Co. (NYSE:KR) is one of the best stocks to buy now for good returns. On June 22, Morgan Stanley reiterated an Equal Weight rating on the stock but cut the price target to $67 from $73 a share. The Kroger Co. (NYSE:KR) is currently trading at $58 a share.
The investment bank terms the strategy of self-funding price investments to drive market share as prudent, given CEO Greg Foran's track record of supporting execution. However, Morgan Stanley insists that a self-funding price investment strategy comes with its degree of difficulty.
Similarly, on June 22, UBS reiterated a Neutral rating on the stock and cut the price target to $63 from $70. According to UBS, the first-quarter results showed that Kroger Co. has the right plan to strengthen its competitive edge. For starters, the company is well-positioned to fund necessary investments from its savings.