Kraft Heinz price target raised to $42 from $40 at BofA

BofA raised the firm’s price target on Kraft Heinz to $42 from $40 and keeps a Buy rating on the shares. While stating that the firm is “fully aware how 4Q played out,” it contends that Q1 “looks manageable” and expects the stock to react positive if the “SNAP Lap” sets the stage for volume improvement, the analyst tells investors in a preview note ahead of March quarter end earnings for the U.S. Consumer Staples group.