Loading...
Loading...
Citigroup ups its target price $4 to $46 on Kraft Foods
KFT and maintains its Buy rating on shares due to outlook of value creation from the cheese and crackers separation.
Citigroup says, "In August 2011, Kraft announced its intention to split itself into two independent public entities; Kraft Global Snacks and Kraft North America. As a result of the separation, two, more focused companies will be created that can maximize their opportunities better than the current structure will allow."
KFT closed at $38.30 yesterday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in