Jefferies upgrade supermarket chain Kroger to 'buy"

Investing.com12-04

Investing.com -- Jefferies has upgraded Kroger Company (NYSE:KR) to "buy," as it views the grocery chain’s valuation would grow regardless of whether its pending merger with Albertsons Companies (NYSE...

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Jefferies sees potential for earnings growth supported by a healthier balance sheet, even without a deal.If the merger is completed, Jefferies estimates significant benefits from Kroger's ability to optimize Albertsons’ operations, with synergies and cash flow to better compete with retail giants such as Walmart  and Amazon .However, in the event the merger falls through, Kroger could repurpose the roughly $6 billion of raised debt for share buybacks, driving earnings per share higher.This upgrade comes as Kroger navigates competitive pressures in the grocery space while leveraging tailwinds like a more profitable fuel segment and a recovery ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"KR":"克罗格","ACI":"艾伯森"},"translate_title":"杰富瑞将连锁超市克罗格评级上调至“买入”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"KR":1,"ACI":0.9},"content_text":"Investing.com -- Jefferies has upgraded Kroger Company (NYSE:KR) to \"buy,\" as it views the grocery chain’s valuation would grow regardless of whether its pending merger with Albertsons Companies (NYSE:ACI) goes through.\nThe brokerage highlighted improving foot traffic trends and structural gains in Kroger’s fuel business profitability as catalysts for upward momentum. Jefferies sees potential for earnings growth supported by a healthier balance sheet, even without a deal.\nIf the merger is completed, Jefferies estimates significant benefits from Kroger's ability to optimize Albertsons’ operations, with synergies and cash flow to better compete with retail giants such as Walmart (NYSE:WMT) and Amazon (NASDAQ:AMZN).\nHowever, in the event the merger falls through, Kroger could repurpose the roughly $6 billion of raised debt for share buybacks, driving earnings per share higher.\nKroger’s stock trades at about 11.5 times its forward earnings estimate, compared to its 10-year historical average of 13 times, presenting an opportunity for multiple expansion, Jefferies said. The brokerage set a price target of $73, reflecting 13.5 times its blended earnings estimate for 2027.\nThis upgrade comes as Kroger navigates competitive pressures in the grocery space while leveraging tailwinds like a more profitable fuel segment and a recovery in customer traffic.\nRelated Articles\nJefferies upgrade supermarket chain Kroger to 'buy\"\nADM sees challenges continuing into 2025, focus on cost controls\nAmazon announces new slate of AI models","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2488927924"}