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Kraft Heinz cut by BofA and Citi as outlook disappoints


//stocks-investing.news-articles.net/content/202 .. cut-by-bofa-and-citi-as-outlook-disappoints.html
Published in Stocks and Investing on by MSN   Print publication without navigation

Kraft Heinz was downgraded by both Bank of America and Citi following its disappointing FY25 sales and earnings outlook, with analysts citing persistent revenue challenges and a lack of meaningful investment to drive future growth.

The article from MSN discusses how Kraft Heinz, a major food company, has faced downgrades from two prominent financial institutions, Bank of America (BofA) and Citigroup (Citi), due to a disappointing outlook. BofA has downgraded Kraft Heinz from "buy" to "neutral" and reduced its price target from $48 to $40, citing concerns over the company's growth prospects and the impact of inflation on its margins. Similarly, Citi has also downgraded the stock from "buy" to "neutral" with a price target cut from $43 to $39, pointing to issues like volume declines, lack of pricing power, and a challenging consumer environment. Both banks express skepticism about Kraft Heinz's ability to meet its financial targets amidst these economic pressures.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/top-stocks/kraft-heinz-cut-by-bofa-and-citi-as-outlook-disappoints/ar-AA1yZ70Q ]

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