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Sell Kroger Given Challenges Facing Conventional Grocers, Says Stephens

Research firm Stephens started coverage of grocery store chain Kroger (KR) with an Underweight rating, its equivalent of a sell rating. The firm initiated coverage of Kroger's competitor Sprouts Farmers Market (SFM) with a neutral equivalent and also began coverage of a retailer and supplier to the space, United Natural Foods (UNFI).

KROGER: The company has "one of the best management team retail," and its operations are "best-in-class," wrote Stephens analyst Ben...