- Mizuho analyst John Baumgartner initiated coverage of Kraft Heinz Co KHC with a Buy rating and a price target of $48, implying a 24% upside.
- The analyst believes investor sentiment has been oscillating between extremes of euphoria and despair since the 2015 merger of Kraft and Heinz.
- Baumgartner notes negativity has improved from the 2019/2020 nadir.
- However, he thinks the Street has continued underestimating KHC's growth potential.
- The company will report its second-quarter FY22 earnings on July 27.
- Price Action: KHC shares are trading higher by 1.45% at $38.57 on the last check Monday.
- Photo Via Company
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
