Kraft Heinz (KHC): Raising PT - RBC
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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.
Shares of Kraft Heinz Company closed at $84.05 yesterday.
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Create E-mail Alert Related CategoriesAnalyst Comments, Analyst EPS Change, Analyst PT Change, Earnings
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