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Read Why Mizuho Is Bullish On Kraft Heinz

Published 18/07/2022, 17:01
Updated 18/07/2022, 17:43
© Reuters.  Read Why Mizuho Is Bullish On Kraft Heinz

  • Mizuho analyst John Baumgartner initiated coverage of Kraft Heinz Co (NASDAQ: NASDAQ: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
Latest Ratings for KHC DateFirmActionFromTo
Feb 2022 Credit Suisse (SIX:CSGN)MaintainsUnderperform
Feb 2022 Deutsche Bank (ETR:DBKGn)MaintainsBuy
Feb 2022Credit SuisseMaintainsUnderperform
View More Analyst Ratings for KHC

View the Latest Analyst Ratings

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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