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Benzinga
Benzinga
Business
Priya Nigam

Kraft Heinz On Chopping Block: Split Plan Sours Berkshire's Taste

Champaign,-,Circa,August,2019:,Kraft,Heinz,Company,Manufacturing,Plant.

While Kraft Heinz Co's (NASDAQ:KHC) fundamentals "remain soft," the stock is under pressure due to a possible sale by the largest shareholder, Berkshire Hathaway Inc (NYSE:BRK), according to BofA Securities.

The Kraft Heinz Analyst: Analyst Peter Galbo maintained an Underperform rating, while reducing the price target from $29 to $27.

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