Kraft Heinz: Best-in-class margins and improving revenue growth prospects
Stifel notes Kraft Heinz maintains one of the strongest growth profiles within the Consumer Staples industry and they maintain confidence in its growth outlook and therefore continued upside for the shares from this level. They continue with their Buy rating and $95 target price. They are raising their EPS estimates in FY17 and FY18 due to lower interest costs and the benefit of the licenses from Mondelez (MDLZ) reverting back to the company in FY18.