Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Markets & Finance

Lehman Downgrades Kroger to 'Equal-Weight'

Lehman Brothers downgraded Kroger (KR) to equal-weight from overweight.

Analyst Meredith Adler says despite a steady improvement in the economy recently, she now believes earnings for most supermarkets will remain pressured for years. She says this is a result of continued expansion by alternative channels, a painfully slow rationalization leading to tough conventional competition, and relentlessly rising operating costs.

Adler cut the target to $16.50. She cut the $1.34 fiscal 2006 (Jan) earnings per share estimate to $1.26. Adler says Kroger remains the best-positioned chain, but it needs to make a multi-year price investment as expenses keep rising, which creates a poor earnings per share outlook.

blog comments powered by Disqus