Reported 5 days ago
Bank of America has downgraded Kraft Heinz from Buy to Underperform and reduced its price target from $36 to $30, highlighting difficulties in achieving organic sales growth. Despite this downgrade, Kraft Heinz's stock saw an increase. The company's recent fourth quarter revenue miss and downward revision of full-year guidance have prompted analysts to lower price targets, with the stock declining 20% over the past year.
Source: YAHOO