Why Warren Buffett Stock Kraft Heinz Was So Tasty Today
Kraft Heinz's (NASDAQ: KHC) condiments and other comestible items might be American favorites, but the company's stock hasn't seen much love in the recent past. It bucked this trend on Thursday, closing 3% higher to trounce the 0.6% slump of the S&P 500 index, thanks to several analyst price target raises.
Before market open, not one but two prognosticators got incrementally more bullish on Kraft Heinz stock. One was UBS's Cody Ross, who now feels the shares are worth $37 apiece; previously, he had them at $34. He maintained his neutral recommendation on the stock.
His peer Pamela Kaufman at Morgan Stanley made a similar move, adding $1 to her existing Kraft Heinz price target to place it at $38 per share. She's also keeping her equivalent of a neutral recommendation intact.
Source Fool.com
