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Fly News Breaks for January 11, 2017
K, GIS, KHC
Jan 11, 2017 | 06:46 EDT
Citi analyst David Driscoll upgraded Kraft Heinz (KHC) to Neutral citing his belief that the company is "gearing up for" for a large accretive transaction in 2017. The analyst believes, however, that such an announcement is reflected in the current valuation. Driscoll favors General Mills (GIS) or Kellogg (K) as targets for Kraft. He raised his price target for the shares to $88 from $81.
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