Kraft Heinz price target lowered to $40 from $41 at Piper Sandler

Piper Sandler lowered the firm’s price target on Kraft Heinz (KHC) to $40 from $41 and keeps an Overweight rating on the shares. The firm notes the company reported Q3 EPS roughly in line with its expectations, though organic revenues declined more than expected, driven by NA Retail.