H.J Heinz Continues To Impress

Morgan Stanley reiterated their overweight rating and $49 price target on Heinz HNZ following the release of its F1Q2011 results. Morgan Stanley believes Heinz is one of the best positioned companies in out coverage universe to deal with multiple headwinds of the operating environment such as organic growth, and growth margin. Heinz also shows solid growth in the emerging markets which helps shield the company from expected developed market weakness. Shares of Heinz closed yesterday at $46.25