UPDATE: JP Morgan Raises PT to $58 on HJ Heinz Following Latest Earnings

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

JP Morgan reiterated its Neutral rating on HJ Heinz (NYSE: HNZ) and raised its price target from $52 to $58. JP Morgan noted, "Following last week's earnings, we maintain our Neutral rating on Heinz. We see Heinz as a “true Neutral”, a stock that because of its dividend yield probably has limited downside, but because of its higher multiple may have minimal upside too (at least in the near term). We are raising our target price to $58 from $52 merely to reflect the shift in our target price date to December 2013 from December 2012."HJ Heinz closed at $58.43 on Friday.

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!