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Fly News Breaks for March 30, 2015
BRK.A, KRFT
Mar 30, 2015 | 07:39 EDT
Canaccord upgraded Kraft Foods (KRFT) to Buy from Hold following the announcement that 3G and Berkshire Hathaway (BRK.A) will take control of the company. The firm said it clarifies the strategic direction of the business and introduces both revenue and cost synergies. Canaccord raised its price target to $96 from $$70 on Kraft Foods shares.
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