Goldman Sachs Downgrades Kroger and Albertsons Stock. It’s About More Than the Reopening.

Goldman Sachs Downgrades Kroger and Albertsons Stock. It’s About More Than the Reopening.

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The Covid-19 pandemic offered a boon to supermarkets, as lockdowns and job losses meant many more people were eating at home. Yet headwinds are coming for the group,



Goldman Sachs



warns.

Analyst Kate McShane lowered her rating on



Kroger



stock (ticker: KR) to Sell from Neutral on Tuesday, and cut her price target to $31 from $37. She also downgraded



Albertsons



(ACI) to Neutral from Buy and took