Kraft Heinz Higher After Credit Suisse Raises Target Price        By Investing.com

By Dhirendra Tripathi

Investing.com – Shares of Kraft Heinz (NASDAQ:KHC) rose 2% on Monday, boosted by a price target hike by Credit Suisse (SIX:CSGN), even though the new target is still below Friday’s closing price.  

Credit Suisse set the target price of $35, which is 17% lower than the $40.03 on Friday.

The brokerage has an underperform on the stock.

The current consensus among eight TipRanks analysts is for a moderate buy rating of shares in Kraft Heinz, with an average price target of $37.75.

The analysts’ price targets range from a high of $41 to a low of $34.