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Fly News Breaks for February 14, 2020
Feb 14, 2020 | 08:50 EDT
BMO Capital analyst Kenneth Zaslow lowered his price target on Kraft Heinz to $30 and kept his Market Perform rating. The analyst notes that the company's Q4 earnings beat was driven by favorable non-operating items and also points to its "framework" anticipating EBITDA deterioration, with sales growth expected to be impaired by "divestitures, SKU rationalization, lost distribution, and volume elasticity."
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