TD Cowen lowered the firm’s price target on Kraft Heinz (KHC) to $29 from $32 and keeps a Hold rating on the shares. The firm said 4Q EPS of $0.84 beat conensus but organic sales -3.1% missed and management guided to sales and EBIT declines below consensus.
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Read More on KHC:
- Kraft Heinz price target lowered to $30 from $31 at Wells Fargo
- Citi downgrades Kraft Heinz with outlook not ‘fully de-risked’
- Kraft Heinz downgraded to Neutral from Buy at Citi
- Kraft Heinz price target lowered to $31 from $35 at Piper Sandler
- BofA double downgrades Kraft Heinz to Underperform after ‘disappointing’ outlook