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Kraft Heinz price target raised to $28 from $27 at TD Cowen

TD Cowen raised the firm’s price target on Kraft Heinz (KHC) to $28 from $27 and keeps a Hold rating on the shares. The firm said its 2Q sales beat increased the credibility of management’s guidance for sequential improvement as they further utilize their Brand Growth System to address U.S. declines.

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