Evercore ISI Group Upgrades Kraft Heinz to Outperform, Raises Price Target to $42
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst David Palmer has upgraded Kraft Heinz (NASDAQ:KHC) from In-Line to Outperform and increased the price target from $40 to $42.

December 11, 2023 | 1:07 pm
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POSITIVE IMPACT
Kraft Heinz was upgraded by Evercore ISI Group from In-Line to Outperform, with a price target increase from $40 to $42, signaling confidence in the company's performance.
Upgrades by analysts, especially from a neutral position like 'In-Line' to a positive one like 'Outperform', typically indicate a bullish outlook on the stock and can lead to increased investor confidence and a potential rise in the stock price in the short term. The raise in price target further supports this positive sentiment.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100