Market Overview

UPDATE: Morgan Stanley Upgrades H.J. Heinz Company to Equal-Weight Following Deal

Related HNZ
Benzinga's Bulls & Bears For The Past Week: Netflix, AMD, Colgate And More
Who Is Jorge Paulo Lemann, And Why Might He Be Up To Something Big In 2017?

Morgan Stanley upgraded H.J. Heinz Company (NYSE: HNZ) from Underweight to Equal-weight and raised the price target to $72.50.

Morgan Stanley commented, "Following the announcement of HNZ's acquisition by Berkshire/3G for $72.50/shr, we move to EW. We view the transaction as positive for sector valuation generally, given speculation on further M&A/divestitures, but do not necessarily view this as precedent for further similarly large transactions."

H.J. Heinz Compan closed at $72.50 on Thursday.

Latest Ratings for HNZ

Jun 2013Deutsche BankTerminatesHold
Mar 2013Argus ResearchDowngradesBuySell
Feb 2013CitigroupDowngradesBuyNeutral

View More Analyst Ratings for HNZ
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Upgrades Analyst Ratings


Related Articles (HNZ)

View Comments and Join the Discussion!

Partner Center