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Read Why Mizuho Is Bullish On Kraft Heinz

Mizuho analyst John Baumgartner initiated coverage of Kraft Heinz Co (NASDAQ:KHC) with a Buy rating and a price target of $48, implying…

byShivani Kumaresan

July 18, 2022

1 minute read

Mizuho analyst John Baumgartner initiated coverage of Kraft Heinz Co (NASDAQ:KHC) with a Buy rating and a price target of $48, implying a 24% upside.
The analyst believes investor sentiment has been oscillating between extremes of euphoria and despair since the 2015 merger of Kraft and Heinz.
Baumgartner notes negativity has improved from the 2019/2020 nadir.
However, he thinks the Street has continued underestimating KHC’s growth potential.
The company will report its second-quarter FY22 earnings on July 27.
Price Action: KHC shares are trading higher by 1.45% at $38.57 on the last check Monday.
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