Kraft Heinz (KHC) Named New Best Idea Short at Hedgeye

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Go back to Kraft Heinz (KHC) Named New Best Idea Short at Hedgeye

RBC Capital Cuts Estimates Ahead of Kraft Heinz's (KHC) 4Q Earnings Due to FX Headwinds - Reiterates Outperform

February 24, 2016 7:08 AM EST

RBC Capital reiterated an Outperform rating and $88.00 price target on Kraft Heinz Company (NASDAQ: KHC), ahead of the company's 4Q earnings release. RBC lowered 4Q EPS estimates from $0.59 to $0.57, largely due to additional FX drag. 2016 and 2017 EPS estimates are cut from $2.88 and $2.93 to... More