Deutsche Bank Has Buy on Heinz

Deutsche Bank is out with a research report on Heinz (NYSE: HNZ) and it has a Buy rating and a $57 price target on shares.

In a note to clients, Deutsche Bank writes, "Although global volatility (currency, inputs) can limit EPS visibility, we believe Heinz is moving forward with new products in developed markets, M&A in emerging markets, SAP roll out and restructuring. Combined with a 4% div.yield and solid balance sheet, we retain our BUY opinion."

Shares of HNZ gained 49 cents on Friday to close at $53.64.