Analysts Are Neutral on These Services Stocks: KR, DRI

By Jason Carr

Analysts fell to the sidelines weighing in on Kroger Company (NYSE: KR) and Darden (NYSE: DRI) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.

Kroger Company (NYSE: KR)

In a report issued on June 27, Kelly Bania from BMO Capital reiterated a Hold rating on Kroger Company (NYSE: KR), with a price target of $24. The company’s shares closed yesterday at $23.35, close to its 52-week high of $37.97.

According to TipRanks.com, Bania is ranked 0 out of 5 stars with an average return of -6.1% and a 47.7% success rate. Bania covers the Services sector, focusing on stocks such as Performance Food Group, US Food Holdings Corp, and The Chefs’ Warehouse.

Currently, the analyst consensus on Kroger Company is Moderate Buy and the average price target is $25.70, representing a 10.1% upside.

In a report issued on June 16, J.P. Morgan also downgraded the stock to Hold with a $24 price target.
Darden (NYSE: DRI)

BMO Capital analyst Andrew Strelzik reiterated a Hold rating on Darden (NYSE: DRI) on June 27 and set a price target of $87. The company’s shares closed yesterday at $91.56, close to its 52-week high of $95.22.

According to TipRanks.com, Strelzik is a 4-star analyst with an average return of 9.6% and a 76.1% success rate. Strelzik covers the Services sector, focusing on stocks such as Restaurant Brands International, Dave & Busters Entertainment, and Brinker International.

Currently, the analyst consensus on Darden is Moderate Buy and the average price target is $92.38, representing a 0.9% upside.

In a report issued on June 21, Maxim Group also maintained a Hold rating on the stock with a $90 price target.

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