Barclays analyst Andrew Lazar maintains $The Kraft Heinz (KHC.US)$ with a hold rating, and adjusts the target price from $36 to $35.
According to TipRanks data, the analyst has a success rate of 57.5% and a total average return of 5.0% 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's Q3 organic sales did not meet expectations, and the company has signaled that its 2024 earnings may align with the lower end of its forecasted range. Additionally, growth projections through 2025 may fall short of their previously established goals. Analysts note that the company's progress in enhancing its U.S. retail trends is taking longer than anticipated.
The adjustment in the outlook for Kraft Heinz is based on lowered growth and profitability expectations extending into fiscal 2025 and the medium-term. Despite the company's valuation potentially being seen as subdued or appealing in comparison to the market, there's anticipation of a more extended journey towards sales recovery, which could postpone significant positive developments.
Kraft Heinz's third-quarter outcomes indicated subdued trends within the U.S. Retail segment, with the anticipation of recovery now extended due to competitive forces. The company is experiencing persistent volume softness and price gap issues, which is expected to necessitate increased promotional efforts, likely impacting profit margins.
Note:
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