Kroger Reports Customer Data Breach Incident

Yahoo Finance

Kroger said that it became the latest victim of a file-transfer service hack. The company believes that personal data of some of its customers were hacked during Accellion’s file-transfer service.

Earlier on Jan. 28, Telsey Advisory analyst Joe Feldman downgraded the stock to Hold from Buy, and lowered the price target to $39 (14.6% upside potential) from $43. In a note to investors, Feldman said, “Kroger could be a victim of its own success—as it laps difficult comparisons in 2021 related to the Covid-19 surge in demand of food products from the uptick in at-home consumption.”

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