UBS analyst Peter Grom lowered the firm’s price target on Kraft Heinz (KHC) to $28 from $30 and keeps a Neutral rating on the shares. The stock fell on the news that Kraft Heinz planned to split into two publicly traded companies through a tax-free spin-off during the second half of 2026, and while the move itself was well-telegraphed dating back to early-Summer, the move lower was due to public remarks around Berkshire Hathaway’s disappointment with the transaction and broader questions/confusion as to whether the move is unlocking value, the analyst tells investors in a research note.
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