Evercore analyst David Palmer maintains $The Kraft Heinz (KHC.US)$ with a buy rating, and maintains the target price at $38.
According to TipRanks data, the analyst has a success rate of 63.8% and a total average return of 7.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $The Kraft Heinz (KHC.US)$'s main analysts recently are as follows:
Kraft Heinz has reported a miss in Q3 organic sales growth, and has indicated that its 2024 earnings are likely to align with the lower end of its guidance range. Furthermore, growth through 2025 is anticipated to fall short of expectations. It appears that the company's efforts to enhance its U.S. retail trends are taking more time than initially anticipated.
Reduced growth and profitability expectations extending into fiscal 2025 and beyond have influenced the outlook for Kraft Heinz. Despite its valuation potentially remaining low or appealing in comparison to the market, there appears to be an extended journey towards sales recovery, which could delay any significant positive developments.
Kraft Heinz's Q3 outcomes showed subdued trends in U.S. Retail, indicating a recovery that might be more protracted than anticipated due to competitive forces. Persistent volume softness, along with pricing disparities, suggest that increased promotional efforts may continue to compress margins.
Note:
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