Barclays lowered the firm’s price target on Kraft Heinz (KHC) to $24 from $26 and keeps an Equal Weight rating on the shares following the earnings report. The company continues to believe its current issues are cyclical.
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Read More on KHC:
- Kraft Heinz Co. Faces Financial Risk Over Potential Tax Liabilities in Planned Transactions
- Kraft Heinz price target lowered to $25 from $27 at JPMorgan
- Kraft Heinz price target lowered to $26 from $28 at TD Cowen
- Kraft Heinz price target lowered to $25 from $30 at Piper Sandler
- Cautious Hold Rating for Kraft Heinz Amid Declining Sales and Market Challenges