BUZZ-US retailers up after Deutsche Bank resumes coverage with 'buy' rating
Shares of U.S. food retailers have increased following Deutsche Bank's resumption of coverage with a 'buy' rating. Costco's shares rose approximately 5.5%, while Target, Kroger, and Albertsons saw increases of 3%, 2%, and 3%, respectively. Analysts predict a mixed year in 2026, influenced by food disinflation and changes in SNAP and Medicaid benefits. Tax refunds are expected to primarily benefit low- to middle-income consumers, while affluent households may gain from higher tax deductions. In 2025, Costco and Target experienced declines of 6% and 28%, respectively, while Kroger rose by 2.2%.