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Actionable news in KR: THE KROGER CO.,

Jim Cramer — Kroger's Great but Not a Buy Just Yet

Shares of Kroger (KR) are down over 2% Tuesday after the stock was downgraded to market perform from outperform at BMO Capital. The analysts assigned a price target of $35.

"We were surprised," TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said of the downgrade on CNBC's "Mad Dash" segment. Kroger is a leader in its industry, so a downgrade is...