Kraft Heinz forecasts slower annual sales growth on tepid demand

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Go back to Kraft Heinz forecasts slower annual sales growth on tepid demand

UBS on Kraft Heinz Company (KHC): 'Initial Reaction: Mixed'

February 14, 2024 8:07 AM EST

UBS analyst Cody Ross reiterated a Neutral rating and $39.00 price target on Kraft Heinz Company (NASDAQ: KHC).

The analyst comments "Based on our conversations with investors, sentiment heading into 4Q was mixed. There continued to be hope that KHC could potentially deliver/guide to FY24 EPS above Street, but with shares having performed... More

Deutsche Bank on Kraft Heinz Company (KHC): 'We view today's results as relatively disappointing'

February 14, 2024 8:06 AM EST

Deutsche Bank analyst Steve Powers reiterated a Buy rating and $42.00 price target on Kraft Heinz Company (NASDAQ: KHC).

The analyst comments "We view today's results as relatively disappointing. Although FY24 estimates are unlikely to move materially based on guidance, FY4Q organic sales (-0.7% vs.... More