B of A Securities Maintains Buy on Kraft Heinz, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Bryan Spillane has maintained a 'Buy' rating on Kraft Heinz (NASDAQ:KHC), but lowered the price target from $48 to $40.

October 17, 2023 | 6:43 pm
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NEUTRAL IMPACT
Kraft Heinz's price target has been lowered from $48 to $40 by B of A Securities, though the 'Buy' rating is maintained.
The lowering of the price target by B of A Securities could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the company, which could counterbalance the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100