Bernstein Cuts Kraft Heinz To Underperform, Slashes Price Target To $21
Analyst cites unsustainable leverage and dividend payout ratios after $600 million growth investment plan. Bernstein downgraded Kraft Heinz (NASDAQ:KHC) to Underperform from Market Perform and reduced its price target to $21 from $25. The move follows CEO Steve Cahillane’s