As previously reported, BofA downgraded Kraft Heinz (KHC) to Underperform from Buy with a price target of $30, down from $36, following Q4 results and a “disappointing” initial FY25 outlook. Downgrading shares on the lows is “not heroic,” but the firm struggles to see a path to meaningful organic sales improvement over the next 12 months, the analyst tells investors. Kraft Heinz, unlike food peers who have reset EPS expectations with their initial FY25 outlooks this earnings season, such as Hershey (HSY) and Mondelez (MDLZ), “continues to have a revenue problem,” the analyst added.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KHC:
- Kraft Heinz downgraded to Underperform from Buy at BofA
- Kraft Heinz Hold Rating: Cautious Outlook Amid EPS Reset and Market Challenges
- Kraft Heinz Co. Faces Challenges, Aims for Growth
- Kraft Heinz Co: Navigating Growth Amid Challenges
- Kraft Heinz Faces Challenges Amidst Declining Sales and Operational Shortcomings: A Hold Rating Perspective