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Jefferies Sticks to Their Hold Rating for Kraft Heinz (KHC)

Tipranks - Tipranks - Wed Apr 22, 4:42AM CDT

In a report released today, Scott Marks CFA from Jefferies reiterated a Hold rating on Kraft Heinz, with a price target of $20.00.

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In addition to Jefferies, Kraft Heinz also received a Hold from BTIG’s Robert Dickerson in a report issued on April 14. However, on April 10, Bank of America Securities maintained a Sell rating on Kraft Heinz (NASDAQ: KHC).

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Based on Kraft Heinz’s latest earnings release for the quarter ending December 27, the company reported a quarterly revenue of $6.35 billion and a net profit of $651 million. In comparison, last year the company earned a revenue of $6.58 billion and had a net profit of $2.13 billion

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