Kraft Heinz price target lowered to $25 from $27 at BofA

BofA analyst Peter Galbo lowered the firm’s price target on Kraft Heinz (KHC) to $25 from $27 and keeps an Underperform rating on the shares. The operating environment remains challenged and Kraft Heinz doesn’t anticipate significant relief from current pressures for the balance of the year, notes the analyst, who now models 2025 adjusted EPS of $2.53, down from a prior $2.55 forecast.