Kraft Heinz price target lowered to $23 from $24 at Morgan Stanley

Morgan Stanley analyst Megan Alexander Clapp lowered the firm’s price target on Kraft Heinz (KHC) to $23 from $24 and keeps an Underweight rating on the shares. While the significant reset and support from Berkshire (BRK.A) may de-risk the stock in the near-term, visibility to a durable turnaround remains limited, says the analyst, who is lowering the firm’s FY26 and FY27 EPS estimate by 18% to reflect increased investments to address ongoing topline challenges.