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Thursday, November 14, 2019

Goldman downgrades Kraft Heinz to sell, says recent rally won't last - CNBC

Kraft and Heinz products

Scott Olson | Getty Images

Despite Kraft Heinz's recent rally, the food company has a long road to recovery, according to Goldman Sachs.

The firm downgraded shares of Kraft Heinz to sell from neutral because the stock has gone up too much, too fast since Kraft's strong third-quarter earnings. Goldman left its $29 per share 12-month price target unchanged, which Kraft blew by last month, trading at $31.63 per share, down 3.5% on Thursday. 

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"last" - Google News
November 14, 2019 at 07:52PM
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Goldman downgrades Kraft Heinz to sell, says recent rally won't last - CNBC
"last" - Google News
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