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