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Fly News Breaks for April 3, 2018
KHC
Apr 3, 2018 | 06:08 EDT
Piper Jaffray analyst Michael Lavery lowered his price target for Kraft Heinz to $75 to reflect a more conservative multiple. The analyst, however, believes that the execution of a deal could drive upside to the stock. He expects Kraft Heinz to pursue further consolidation in packaged food, which he thinks will be accretive and positive for the shares. Lavery keeps an Overweight rating on Kraft.
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