Piper Sandler raised the firm’s price target on Kraft Heinz (KHC) to $27 from $25 and keeps a Neutral rating on the shares. The firm notes Kraft Heinz’s top-line momentum remains weak, and it believes more spending is likely needed to return its brands to growth. The company will get tariff relief on its coffee imports, which likely comes sometime in Q2 2026 as it cycles through inventory already subject to tariffs. However, Piper expects Kraft Heinz to make price adjustments to give savings back to consumers, and so doesn’t expect cost relief to benefit margins.
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