UPDATE: Stifel Nicolaus Raises PT to $44 on Kraft Foods on Growth, Earnings

Stifel Nicolaus raises its price target from $42 to $44 on Buy-rated Kraft Foods

on the investment, growth and earnings trifecta. Stifel Nicolaus says, "Kraft Foods reported a strong start to the year with EPS up +10% to $0.57, which was $0.02 ahead of our estimate and $0.01 ahead of the consensus estimate. The quarter featured strong organic revenue growth, near double-digit segment operating profit growth, and a heavy investment in marketing and its emerging market infrastructure." KFT closed at $39.59 on Thursday.