Stifel analyst Matthew Smith resumed coverage of Kraft Heinz with a Buy rating and $44 price target. The firm cites improvement in its growth profile due to portfolio reshaping, "robust" price realization, reduced pressure from input cost inflation and strong international growth.
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Read More on KHC:
- Kraft Heinz, BEES announce expanded partnership
- Kraft Heinz price target lowered to $46 from $49 at Deutsche Bank
- Kraft Heinz call volume above normal and directionally bullish
- Kraft Heinz backs FY23 adjusted EPS view $2.67-$2.75, consensus $2.73
- Kraft Heinz affirms long term targets at CAGNY conference