Kraft Heinz price target lowered to $43 from $47 at Mizuho

Mizuho lowered the firm’s price target on Kraft Heinz to $43 from $47 and keeps a Buy rating on the shares. Exiting the Q3 earnings report. the analyst finds clarity increased for the company’s marketplace performance and in-store merchandise into 2024. Similar to peers, Kraft Heinz’s U.S. sales have softened, but its market shares are resilient with increasing quality merch, volume on profitable promo, and shelf space, the analyst tells investors in a research note.