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Fly News Breaks for March 30, 2015
KRFT
Mar 30, 2015 | 08:32 EDT
JPMorgan raised its price target for Kraft Foods to $92 after further reviewing the company's merger with Heinz. JPMorgan keeps a Neutral rating on the stock, however, saying that while shares may continue rising in the near-term it believes investors may be underappreciating some fundamental risks associated with the deal. Citigroup this morning raised its price target for Kraft shares to $80 and kept a Sell rating on the name.
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