Yahoo Finance

Bank of America (BAC) downgraded Kraft Heinz (KHC) from Buy to Underperform and lowered its price target from $36 to $30, citing the company's challenges in achieving organic sales growth for the next year. Despite this, the stock rose on Thursday.

Kraft Heinz's fourth quarter revenue miss and lowered full-year guidance led 13 analysts to cut price targets, with the stock down 20% over the past year.

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This post was written by Josh Lynch