Reported about 19 hours ago
BofA Securities has maintained its Underperform rating and raised the price target for Kraft Heinz (KHC) to $29 amid discussions of a potential split into grocery and sauces/spreads units. The grocery sector generates 55% of KHC's sales, with notable brands like Kraft and Oscar Mayer, while the Taste Elevation division includes Heinz and Philadelphia. The company is also focusing on plant-based products through its partnership with NotCo, leveraging AI for innovation.
Source: YAHOO