大行评级｜大摩：相信分拆将为卡夫亨氏带来持续利好 目标价上调至29美元

Core Viewpoint - Morgan Stanley has upgraded Kraft Heinz's stock rating from "underweight" to "in line with the market," raising the target price from $28 to $29, indicating a more positive outlook for the company [1] Group 1: Company Developments - Kraft Heinz announced plans to split into two companies, which led to a 7% drop in stock price on the day of the announcement, despite Warren Buffett expressing disappointment over the split [1] - The decision to split may act as a catalyst for valuation recovery after a period of decline [1] Group 2: Financial Outlook - The company's fundamental valuation appears reasonable, with signs of stabilization in some operational metrics [1] - Although earnings per share for fiscal year 2026 may still face pressure, the split is expected to limit downside risk for the stock [1] - Analysts believe the worst period for the company has passed, improving the risk-reward ratio [1] Group 3: Long-term Strategy - The split is anticipated to provide sustained benefits for Kraft Heinz, particularly for the newly formed international food service company, which could be restructured for faster growth and enhanced strategic flexibility in international and food service channels [1]