Finanzas: Citi sets odds of Kroger-Whole Foods deal low

 

Citi analyst Alvin Concepcion says it would be «uncharacteristic» for Kroger (NYSE:KR) to make a run at Whole Foods Market.

He notes that Kroger would have to leverage up to a 3.5X debt/EBITDA ratio to pull off the pricey deal.

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Shares of both Kroger and Whole Foods rose yesterday amid M&A chatter.Conception keeps a Buy rating and $39 price target on Kroger.

Fuente: Seeking Alpha


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