Is Kraft Heinz's Organic Sales In The Right Direction? This Analyst Doesn't Think So And Downgrades Stock

BofA Securities analyst Peter T. Galbo downgraded Kraft Heinz Co KHC from Buy to Underperform and lowered the price forecast from $36.00 to$30.00 after reviewing the fourth-quarter FY24 results and the underwhelming FY25 outlook.The decision to downgrade at these levels may not seem bold, but the analyst foresees limited organic sales growth in the next 12 months.Unlike peers in the food sector like Hershey Co and Mondelez International Inc, who have adjusted their EPS forecasts for FY25, KHC is still faci ...