Deutsche Bank Affirms a 'Buy' on Heinz (HNZ); Earnings Power That'll Last
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Price: $72.49 --0%
Rating Summary:
0 Buy, 8 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
0 Buy, 8 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Deutsche Bank affirms a 'Buy' on Heinz (NYSE: HNZ) price target of $60.00 (from $57.00).
Deutsche analyst said, "We continue to recommend Heinz on the basis of growing EM exposure, Long-Term benefits from select investment (SAP (NYSE: SAP) / restructuring), and solid market share positions in key developed (US, UK) markets. With a 6-7% C2013 FCF yield and 2.0x net debt/EBITDA, we see minimal downside but a number of catalysts that can drive the stock higher."
Deutsche analyst suggests staying more positive on long-term earnings outlook and cash flow, not that the recent earnings beat was mainly due to a lower tax rate.
For an analyst ratings summary and ratings history on Heinz click here. For more ratings news on Heinz click here.
Shares of Heinz closed at $55.49 yesterday.
Deutsche analyst said, "We continue to recommend Heinz on the basis of growing EM exposure, Long-Term benefits from select investment (SAP (NYSE: SAP) / restructuring), and solid market share positions in key developed (US, UK) markets. With a 6-7% C2013 FCF yield and 2.0x net debt/EBITDA, we see minimal downside but a number of catalysts that can drive the stock higher."
Deutsche analyst suggests staying more positive on long-term earnings outlook and cash flow, not that the recent earnings beat was mainly due to a lower tax rate.
For an analyst ratings summary and ratings history on Heinz click here. For more ratings news on Heinz click here.
Shares of Heinz closed at $55.49 yesterday.
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