Kraft Heinz: Jefferies raises target price

(CercleFinance.com) - On Tuesday a Jefferies analyst said that he is raising his target price for the Kraft Heinz share, even though he maintains a neutral ("Hold") rating on the share.


The broker has increased his target price from 24 dollars to 27 dollars.

"Kraft Heinz pre-announced after market close today Q1 organic and net sales growth, with commentary added around EBITDA. We've increased our 2020 forecasts, have updated our model to reflect the recently announced segment reorganization," the analyst said.



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