Royal Bank Of Canada Boosts Kraft Heinz to 'Moderate Buy' Rating

Royal Bank Of Canada has upgraded Kraft Heinz (NASDAQ:KHC) to a 'moderate buy' rating, according to a research note issued on Thursday.

This is not the only change made to Kraft Heinz's rating recently. BNP Paribas Exane boosted their target price on Kraft Heinz from $17.00 to $19.00 and gave the company an 'underperform' rating in a research report on June 30th.

On the other hand, Wall Street Zen cut Kraft Heinz from a 'buy' rating to a 'hold' rating in a research note on August 8th. Sanford C. Bernstein downgraded Kraft Heinz from a 'market perform' rating to an 'underperform' rating and decreased their price objective for the company from $25.00 to $21.00 in a report on June 3rd.

Kraft Heinz stock opened at $24.42 on Thursday, with a market capitalization of $28.96 billion and a PEG ratio of 2.99.