Analysts are Revising Prices Targets of These 5 Stocks Following Earnings

In this article, we discuss the 5 stocks that recently received revised price targets from analysts following their recent earnings. If you want to see more such stocks on the list, go directly to Analysts are Revising Prices Targets of These 10 Stocks Following Earnings.

5. The Kroger Co. (NYSE:KR)

Number of Hedge Fund Holders: 49

MKM Partners trimmed its price target for The Kroger Co. (NYSE:KR) from $50 per share to $47 per share on Friday, December 2. While the research firm acknowledged the company’s latest earnings, it thinks Kroger will face multiple challenges around margins next year.

The price-target cut came a day after The Kroger Co. (NYSE:KR) released its fiscal third-quarter results. The Kroger Co. (NYSE:KR) earned 88 cents per share on an adjusted basis, topping expectations of 82 cents. The quarterly revenue of $34.2 billion was also better than the consensus of $33.96 billion.

In addition, The Kroger Co. (NYSE:KR) lifted its full-year adjusted earnings outlook to a range of $4.05 – $4.15 per share, from its previous guidance between $3.95 – $4.05 per share.