Market Overview

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

Share:
Related
Wheat Price Manipulation Charges Filed Vs. Kraft Foods, Mondelez
Morgan Stanley Remains Overweight On Kraft Due To Achievable Synergy Targets
Kraft, Mondelez charged by CFTC with manipulation of wheat futures (Seeking Alpha)

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
Mar 2015CitigroupMaintainsSell
Mar 2015Canaccord GenuityUpgradesHoldBuy
Mar 2015BMO CapitalDowngradesOutperformMarket Perform

View More Analyst Ratings for KRFT
View the Latest Analyst Ratings

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

 

Related Articles (KRFT)

Around the Web, We're Loving...