BUZZ-Street View: Kroger bets on ecommerce margins as food spending weakens
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Kroger narrows annual sales forecast due to selective grocery spending. Analysts cut price targets, with median at $75.50. Growth depends on e-commerce profitability. Jefferies sees demand for fresh produce and online sales as positives. J.P.Morgan notes competitive edge and store investments but warns of industry risks. Telsey flags risks from third-party delivery firms. UBS sees unclear business trajectory, relying on e-commerce and pharmacy segments.
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