Stifel Downgrades Kraft Heinz to Hold, Lowers Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Matthew Smith has downgraded Kraft Heinz from Buy to Hold and reduced the price target from $40 to $38.
October 25, 2024 | 12:05 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Stifel analyst Matthew Smith downgraded Kraft Heinz from Buy to Hold and reduced the price target from $40 to $38, indicating a less optimistic outlook.
The downgrade from Buy to Hold suggests that the analyst sees limited upside potential in the stock, which could lead to a negative short-term impact on the stock price. The lowered price target further supports this cautious stance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100