Kroger Names Greg Foran CEO, Jefferies Sets $80 Price Target
Kroger appointed Greg Foran as CEO effective February 9 after an extensive board search. Jefferies reaffirmed a Buy rating with an $80 price target on February 12, and Guggenheim maintained a Buy rating with a $78 target, reflecting analyst confidence in the company’s outlook.
1. CEO Appointment
The Kroger Co. appointed Greg Foran as Chief Executive Officer effective February 9, succeeding interim CEO Ron Sargent. Foran joined the board after an extensive search for an innovative retail leader, bringing experience as former CEO of Air New Zealand and president and CEO of Walmart’s U.S. operations.
2. Analyst Ratings
On February 12, Jefferies reaffirmed its Buy rating on Kroger with an $80 price target, while Guggenheim maintained its Buy rating and set a $78 target. These actions highlight analyst confidence in Kroger’s strategic direction under new leadership.