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 but lowers the price target from $39 to $38.
October 31, 2024 | 8:26 pm
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Citigroup analyst Thomas Palmer maintains a Buy rating on Kraft Heinz but lowers the price target from $39 to $38.
The maintenance of a Buy rating suggests continued confidence in Kraft Heinz's performance, but the slight reduction in the price target indicates a minor adjustment in expectations. This is likely to have a neutral short-term impact on the stock price as the overall sentiment remains positive.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100