- 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.
- Photo Via Company
3M Set to Pay $6B in Landmark Earplugs Litigation, Opting for Cash Settlement Over Stock
Today, 3M (NYSE:MMM) announced that claimant participation in the Combat Arms Earplugs litigation settlement is on track to exceed the 98% participation threshold set forth in the settlement agreement by the
