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Barclays Maintains The Kraft Heinz(KHC.US) With Hold Rating, Cuts Target Price to $35

Futu News ·  18:31  · Ratings

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.

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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:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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