HSBC Initiates Coverage On Kraft Heinz with Hold Rating, Announces Price Target of $38
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Alejandro Zamacona initiates coverage on Kraft Heinz (NASDAQ:KHC) with a Hold rating and announces a price target of $38.
September 22, 2023 | 11:14 am
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NEUTRAL IMPACT
HSBC has initiated coverage on Kraft Heinz with a Hold rating and a price target of $38.
The Hold rating from HSBC indicates a neutral outlook for Kraft Heinz. The price target of $38 provides a benchmark for investors, but does not necessarily suggest significant upside or downside. Therefore, the short-term impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100