Kraft Heinz price target lowered to $25 from $30 at Piper Sandler

Piper Sandler analyst Michael Lavery lowered the firm’s price target on Kraft Heinz (KHC) to $25 from $30 and keeps a Neutral rating on the shares. The firm says the company’s top-line momentum remains weak, and it believes more spending is likely needed to return its brands to growth. While Kraft Heinz hasn’t given 2026 guidance, Piper expects better organic top-line momentum, margin pressure, and help below the line to net out to roughly flat EPS growth.