Courtesy of Benzinga.
In a report published Monday, Deutsche Bank analyst Eric Katzman reiterated a Hold rating on Kraft Foods Group Inc (NASDAQ: KRFT), and raised the price target from $57.00 to $61.00.
In the report, Deutsche Bank noted, “Though some view mgmt changes as signaling future value creation, we are wary given valuation. We continue to see a tough environment and believe investors are overly optimistic on strategic options. While we view a 3.5% div. yield and solid B/S (2.5x net debt/EBITDA) as providing support, we see fundamental challenges in 2015. HOLD.”
Kraft Foods closed on Friday at $66.77.
Latest Ratings for KRFT
Date | Firm | Action | From | To |
---|---|---|---|---|
Jan 2015 | Goldman Sachs | Upgrades | Neutral | Conviction Buy |
Jan 2015 | Citigroup | Downgrades | Neutral | Sell |
Dec 2014 | Credit Suisse | Maintains | Neutral |
View More Analyst Ratings for KRFT
View the Latest Analyst Ratings
Posted-In: Deutsche Bank Eric KatzmanAnalyst Color Price Target Analyst Ratings