Mizuho analyst John Baumgartner lowered the firm’s price target on Kraft Heinz (KHC) to $29 from $31 and keeps a Neutral rating on the shares. The firm adjusted targets in the food producer sector. The analyst’s top picks feature degrees of support from increasing distribution, category growth, limited private label exposure. Mizuho reduced targets for multiple companies in conjunction with the industry valuation de-rating.
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