Kraft Heinz KHC shares are trading higher on Monday, after Morgan Stanley maintained its Equal-Weight rating on the stock and raised its price target from $28 to $30 per share.
In 2015 Kraft merged with Heinz to create the third-largest food and beverage manufacturer in North America behind PepsiCo and Nestle and the fifth- largest player in the world. Beyond its namesake brands, the combined firm's portfolio includes Oscar Mayer, Planters, Ore-Ida, and Philadelphia.
Kraft Heinz shares were trading up 3.65% at $33.81 on Monday. The stock has a 52-week range between $34 and $19.99.
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