Jefferies Starts Heinz (HNZ) at Buy
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Price: $72.49 --0%
Rating Summary:
0 Buy, 8 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
0 Buy, 8 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Jefferies initiates coverage on Heinz (NYSE: HNZ) with a Buy. PT $59.00.
The firm comments, "HNZ's equity is likely to outperform that of its peers as the benefits of the expected 20-23% emerging market contribution to sales is currently not fully reflected in the company’s share price. Also, successful innovation, like Dip & Squeeze, could function as a door opener for incremental food service business in the future."
For more ratings news on Heinz click here and for the rating history of Heinz click here.
Shares of Heinz closed at $49.71 yesterday.
The firm comments, "HNZ's equity is likely to outperform that of its peers as the benefits of the expected 20-23% emerging market contribution to sales is currently not fully reflected in the company’s share price. Also, successful innovation, like Dip & Squeeze, could function as a door opener for incremental food service business in the future."
For more ratings news on Heinz click here and for the rating history of Heinz click here.
Shares of Heinz closed at $49.71 yesterday.
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