RBC Capital initiates Kraft Heinz with Outperform rating, $32 target
RBC Capital initiated coverage of Kraft Heinz (KHC) with an Outperform rating and a $32.00 price target, implying 29.4% upside versus the Sep 16 close of $24.73.
RBC Capital began coverage of Kraft Heinz with an Outperform rating and a $32.00 price target. The target implies 29.4% upside from the Sep 16 close of $24.73. Key takeaways from the analyst note included a strong innovation pipeline, with Kraft Heinz said to have significantly enhanced its R&D ca…