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Read Why Mizuho Is Bullish On Kraft Heinz

Mizuho analyst John Baumgartner initiated coverage of Kraft Heinz Co (NASDAQ:KHC) with a Buy rating and a price target of $48, implying…
byShivani Kumaresan
July 18, 2022
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  • Mizuho analyst John Baumgartner initiated coverage of Kraft Heinz Co (NASDAQ:KHC) with a Buy rating and a price target of $48, implying a 24% upside.
  • The analyst believes investor sentiment has been oscillating between extremes of euphoria and despair since the 2015 merger of Kraft and Heinz.
  • Baumgartner notes negativity has improved from the 2019/2020 nadir.
  • However, he thinks the Street has continued underestimating KHC’s growth potential.
  • The company will report its second-quarter FY22 earnings on July 27.
  • Price Action: KHC shares are trading higher by 1.45% at $38.57 on the last check Monday.
  • Photo Via Company
 
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