Kraft Heinz price target raised to $25 from $23 at Wells Fargo
Wells Fargo analyst Chris Carey raised the firm's price target on Kraft Heinz to $25 from $23 and keeps an Equal Weight rating on the shares. While trends remain soft and overall volatile, market share trends have seen some improvement, the firm thinks EPS visibility is good for 2026, and easing inflation has relieved some pressure on 2027 EPS, giving some room to execute on a share recovery story. That in mind, Wells Fargo views this as a high-end of valuation pending a return to top-line growth in North America.
Wells Fargo analyst Chris Carey raised the firm's price target on Kraft Heinz to $25 from $23 and keeps an Equal Weight rating on the shares.
While trends remain soft and overall volatile, market share trends have seen some improvement, the firm thinks EPS visibility is good for 2026, and easing inflation has relieved some pressure on 2027 EPS, giving some room to execute on a share recovery story.
That in mind, Wells Fargo views this as a high-end of valuation pending a return to top-line growth in North America.