Why These 5 Stocks Are Moving on Friday

3. The Kroger Co. (NYSE:KR) has gained over 2.5% after the company received multiple upward revisions in target price from notable analysts. Kelly Bania at BMO Capital reiterated a Neutral rating on The Kroger Co. (NYSE:KR) but increased the target price from $41 to $57. The analyst highlighted that higher inflation and rising fuel prices provided support to strong comparable-store sales, which resulted in better-than-expected Q4 2021 results. A similar revision in target price was made by Robert Moskow at Credit Suisse. Mr. Moskow increased the target price from $47 to $57 while maintaining a Neutral rating. The analyst stated that the strong finish to FY21, and the bullish guidance is a sign by Kroger Co. (NYSE:KR) that it intends to generate higher profits despite a challenging environment. As of Q4 2021, 41 hedge funds reported owning a stake in The Kroger Co. (NYSE:KR), up from 39 in the preceding quarter.