Deutsche Bank Reports on Heinz

In a report released Friday, Deutsche Bank commented on Heinz

. In the report, Deutsche Bank was positive in its assessment of the company. Deutsche Bank writes, "We retain our BUY rating based on emerging mkt. exposure, leading share in selected US/EU products, productivity and attractive 6-7% FCF yield (1/2 used to fund emerging market M&A). We expect LT upside from factors incl: transactional FX, foodserv. account wins, Proj. Keystone returns. We expect investors to focus on F2012, specifically on M&A dilution, currency impact and inflation vs. pricing vs. elasticity. For the LT, we expect mgmt to raise sales growth goals (4-6%) to reflect more M&A but limit expectations for EBIT margin gains while retaining EPS growth objectives." Deutsche Bank currently has a Buy rating on Heinz and a price target of $57. Shares of Heinz closed at $53.89, down $0.03 from the opening bell.