Deutsche Bank Downgrades Kraft Heinz to Hold, Lowers Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Stephen Powers has downgraded Kraft Heinz from Buy to Hold and reduced the price target from $39 to $35.
October 31, 2024 | 10:06 am
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Deutsche Bank has downgraded Kraft Heinz from Buy to Hold, with a reduced price target of $35, indicating a less optimistic outlook.
The downgrade from Buy to Hold by Deutsche Bank suggests a less favorable view on Kraft Heinz's stock performance. The lowered price target from $39 to $35 indicates expectations of limited upside potential, which could lead to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100