UPDATE: Deutsche Bank Reduces PT to $57 on HJ Heinz Company Post EPS Outlook Reduction

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

Deutsche Bank reduces its price target on HJ Heinz Company (NYSE: HNZ) from $58 to $57 as it reiterates a Buy rating on shares. Deutsche Bank notes, "Although Heinz lowered its LT EPS growth outlook to 6-9% given challenges in its N.America operation and need to reinvest, we still see the potential for value creation. Such upside should come over the next few years as emerging markets, SAP learnings and EU gains boost FCF. With a 3-4% div.yield and 1.7x net debt/EBITDA, we see minimal downside."HNZ closed at $53.55 on Thursday.

27% profit every 20 days?

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