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Food retail stocks seen under pressure in 2017

North American food retailing stocks turned in a subpar performance overall in 2016 — despite a few bright spots — and 2017 looks to be another challenging year, analysts said.

This week Wolfe Research issued reports projecting double-digit percentage stock-price declines at two of the nation’s largest food retailers, Kroger Co. and Walmart Stores, citing ongoing pressures from discounters, online rivals and overcapacity.

Although Wolfe Research analyst Scott Mushkin sees

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TAGS: Walmart Kroger
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