Kraft Heinz Reaches Analyst Target Price
April 09, 2020 at 08:41 AM EDT
In recent trading, shares of Kraft Heinz Co (KHC) have crossed above the average analyst 12-month target price of $27.20, changing hands for $27.32/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..