Kraft Heinz shares are trading lower after Goldman Sachs initiated coverage on the stock with a Sell rating and announced a price target of $34.
Portfolio Pulse from Benzinga Newsdesk
Kraft Heinz shares are trading lower after Goldman Sachs initiated coverage on the stock with a Sell rating and announced a price target of $34.
August 12, 2024 | 5:50 pm
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Goldman Sachs initiated coverage on Kraft Heinz with a Sell rating and a price target of $34, causing the stock to trade lower.
The Sell rating and lower price target from a major financial institution like Goldman Sachs is likely to negatively impact investor sentiment and lead to a short-term decline in Kraft Heinz's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100