Kraft Heinz Foods Co (NYSE:HNZ) had its price objective lowered by investment analysts at TD Securities from $16.50 to $13.50 in a report released on Tuesday. The brokerage presently has a “hold” rating on the stock. TD Securities’ target price would suggest a potential downside of 81.38% from the company’s previous close.

Separately, Desjardins upped their price target on shares of Kraft Heinz Foods from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, August 17th.

About Kraft Heinz Foods

H. J. Heinz Company, together with its subsidiaries, is engaged in manufacturing and marketing a range of food products throughout the world. The Company’s principal products include ketchup, condiments and sauces, frozen food, soups, beans and pasta meals, infant nutrition and other food products. The Company’s products are manufactured and packaged to provide wholesome foods for consumers, as well as foodservice and institutional customers.

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