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Kraft Heinz cut by BofA and Citi as outlook disappoints


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  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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