Yahoo Finance published this video item, entitled “Kraft Heinz upgraded to ‘Outperform’ by Bernstein analysts” – below is their description.
Kraft Heinz Company (KHC) received an upgrade from Bernstein on Tuesday, with analysts moving the stock from a “Perform” rating up to an “Outperform” rating. Bernstein also raised Kraft Heinz’s price target to $40 per share. The upgrade comes as Bernstein expressed optimism about Kraft Heinz’s positioning amid the new weight loss drug craze. The analysts believe Kraft Heinz’s focus on protein-forward products will allow the company to avoid disruption from the growing appeal of obesity medications.
Yahoo Finance’s Brian Sozzi, Seana Smith, and Brad Smith break down all the details of this morning’s stock mover.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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