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Fly News Breaks for February 21, 2017
UL, UN, KHC
Feb 21, 2017 | 08:09 EDT
Credit Suisse analyst Robert Moskow raised his price target for Kraft Heinz (KHC) to $100 from $95 on valuation. After Unilever (UN; UL) rejected Kraft Heinz's offer to acquire the company for $50 per share, the analyst believes Kraft Heinz will come back with a higher and formal bid of at least $53 per share. He reiterates an Outperform rating on Kraft Heinz's shares.
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