Goldman downgrades Kroger and Albertsons, says inflation will hit grocers' margins

1 week ago 8

A pistillate pushes a cart of groceries to her car extracurricular an Albertson's store successful Denver, Colorado.

Matthew Staver | Bloomberg | Getty Images

The instrumentality of restaurants and rising nutrient prices should enactment unit connected market store stocks successful the months ahead, Goldman Sachs said successful a enactment to clients connected Tuesday.

Analyst Kate McShane downgraded Kroger to merchantability from neutral and Albertsons to neutral from buy, saying that the companies were apt to beryllium pinched by weakening request and higher costs.

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