Kroger rises after BMO Capital Markets lifts PT
** Shares of U.S. grocer Kroger KR.N up ~2% at $62.50
** Brokerage BMO Capital Markets raises PT to $63 from $60
** Says it believes KR's positioning in the industry may allow it to continue managing the competitive environment with stable gross margin
** Adds that to support further valuation expansion, KR likely needs to demonstrate stronger grocery market-share trends
** KR initiated a new $7.5 bln share buyback program on Wednesday
** Albertsons and Kroger terminated their $25 bln merger on Wednesday after U.S. courts blocked the deal
** Twelve of 23 brokerages rate the stock "buy" or "higher" and 11 "hold"; their median PT is $63.50 - LSEG data
** Up to last close, stock up about 34% YTD
Reporting by Anuja Bharat Mistry in Bengaluru
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