Market Overview

Morgan Stanley Sees A Clear Path To EPS Growth For Kraft Foods

Share:
Related
Susquehanna Downgrades PepsiCo, Sees 'Little' Activism Or M&A Impact In Future
Kraft Shareholders Approve HJ Heinz Merger

In a report published Friday, Morgan Stanley analyst Matthew Grainger reiterated an Overweight rating and $60.00 price target on Kraft Foods (NASDAQ: KRFT).

In the report, Morgan Stanley noted, “Despite an understandably cautious outlook on US consumption trends, KRFT's results exhibited improved share trends and continued progress in stabilizing formerly underinvested brands. We moderate our 2014e EPS slightly, but still see a clear path to double-digit EPS growth. Remain OW.”

Kraft Foods closed on Friday at $53.60.

Latest Ratings for KRFT

DateFirmActionFromTo
Apr 2015Stifel NicolausMaintainsBuy
Mar 2015CitigroupMaintainsSell
Mar 2015Canaccord GenuityUpgradesHoldBuy

View More Analyst Ratings for KRFT
View the Latest Analyst Ratings

Posted-In: Matthew Grainger Morgan StanleyAnalyst Color Reiteration Analyst Ratings

 

Related Articles (KRFT)

Get Benzinga's Newsletters