Citigroup Maintains Buy on Kraft Heinz, Lowers Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Thomas Palmer maintains a Buy rating on Kraft Heinz (NASDAQ:KHC) but lowers the price target from $42 to $38.
July 17, 2024 | 9:15 pm
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NEUTRAL IMPACT
Citigroup analyst Thomas Palmer maintains a Buy rating on Kraft Heinz but lowers the price target from $42 to $38.
The maintained Buy rating suggests continued confidence in Kraft Heinz's performance, but the lowered price target indicates some caution regarding its short-term potential. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100