Barclays Maintains an 'Overweight' on Kraft Foods (KFT); Fine Balance of Margin and Share
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Price: $42.52 --0%
Rating Summary:
6 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
6 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Barclays maintains an 'Overweight' on Kraft Foods (NYSE: KFT) price target of $42.00.
Barclays analyst says, "Neither CEO appointment surprises us, nor do we expect it to surprise investors. However, if there was one appointment that perhaps investors were a bit less certain of, it was likely the future CEO of NA Grocery. To be sure, under the current NA President, Tony Vernon, the segment is on a better track from a growth perspective than it has been in years. Still, in our view (and as we have written previously), a significant part of the potential value creation in this business is the margin opportunity and Tony Vernon is, and has been over his career, an executive focused on building brands through reinvestment. Perhaps this is where the choice of John Cahill as Executive Chairman comes into play, given his experience with driving incremental productivity as CEO of PBG after its spin-out from Pepsi (NYSE: PEP)."
For an analyst ratings summary and ratings history on Kraft Foods click here. For more ratings news on Kraft Foods click here.
Shares of Kraft Foods closed at $36.51 yesterday.
Barclays analyst says, "Neither CEO appointment surprises us, nor do we expect it to surprise investors. However, if there was one appointment that perhaps investors were a bit less certain of, it was likely the future CEO of NA Grocery. To be sure, under the current NA President, Tony Vernon, the segment is on a better track from a growth perspective than it has been in years. Still, in our view (and as we have written previously), a significant part of the potential value creation in this business is the margin opportunity and Tony Vernon is, and has been over his career, an executive focused on building brands through reinvestment. Perhaps this is where the choice of John Cahill as Executive Chairman comes into play, given his experience with driving incremental productivity as CEO of PBG after its spin-out from Pepsi (NYSE: PEP)."
For an analyst ratings summary and ratings history on Kraft Foods click here. For more ratings news on Kraft Foods click here.
Shares of Kraft Foods closed at $36.51 yesterday.
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