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Fly News Breaks for October 17, 2018
KHC
Oct 17, 2018 | 07:35 EDT
UBS analyst Timothy Arcuri said Kraft Heinz shares appear to be oversold as the stock is now selling at a discount to peers. He believes the company's guidance is achievable and sees a favorable risk/reward skew. To achieve the guidance the company must report U.S. sales growth in Q3 and affirm plans to grow again in Q4. Arcuri reiterated his Buy rating and $65 price target on Kraft Heinz shares.
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