Kraft Heinz (KHC): Raising PT - RBC

RBC Capital analyst, David Palmer, reiterated his Outperform rating on Kraft Heinz Company (NASDAQ: KHC) and raised the price target to $99 from $96 following better-than-expected 3Q16 earnings results on 11/3.

The increased estimates reflect a more resilient base business performance than anticipated in the US and signs of efficacy from new product innovation. These benefits were partially offset by higher non-core input costs and increased brand investment.

For an analyst ratings summary and ratings history on Kraft Heinz Company click here. For more ratings news on Kraft Heinz Company click here.

Shares of Kraft Heinz Company closed at $84.05 yesterday.

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