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.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KHC:
- Unusual call flow in option market yesterday
- Call buyers pour it on in Kraft Heinz as shares trade higher
- Kraft Heinz: Strategic Uncertainties and Market Performance Support Hold Rating
- Trump Trade: Trump considers 50% tariff on EU, 25% on iPhones
- Trump admin report implies companies are worsening health of children, FT says
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue