Kraft Heinz (KHC) PT Raised to $96 at RBC Amid Solid Q2
- Unemployment Rate Drops to 4.6%
- Unusual 11 Mid-Day Movers 12/2: (ASNA) (HTBX) (REPH) Higher; (PLX) (MEMP) (DRYS) Lower
- Bond yields fall on U.S. jobs data, euro flat before Italy vote
- Alibaba (BABA) Founder Jack Ma Discuss Plans to Retire; 'I Don't Want to Die at the Office'
- Starbucks Coffee (SBUX) CEO Howard Schultz to Step Down, Appointed Executive Chairman; Kevin Johnson New CEO
Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here.
RBC Capital analyst David Palmer reiterated an Outperform rating an raised his price target on Kraft Heinz Company (NASDAQ: KHC) to $96.00 (from $92.00) following Q2 beat.
"We believe the company's cost savings and revenue management programs will continue to deliver rapid, above-consensus EPS growth-and ultimately pave the way to further M&A upside," the analyst commented.
The firm is raising 2016 and 2017e EPS from $3.06 and $3.87 to $3.22 (+47% YOY; $3.11 cons.) and $3.97 (+23% YOY; $3.84 cons.).
Shares of Kraft Heinz Company closed at $85.54 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Drexel Hamilton Raises Price Target on Workday (WDAY) Following 3Q Beat
- Pivotal Research Downgrades Kroger (KR) to Hold
- Mizuho Securities Adjusts Estimates Following Gap, Inc. (GPS) Comp Miss
Create E-mail Alert Related CategoriesAnalyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change
Related EntitiesRBC Capital
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!