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Jefferies raises its price target on Kraft Foods (KRFT -0.5%) to $60 from $52 and reiterates a...

Jefferies raises its price target on Kraft Foods (KRFT -0.5%) to $60 from $52 and reiterates a Buy rating, citing the company's position "as one of the best operators in the U.S. packaged food industry." Declining restructuring costs could contribute to earnings growth over time and KRFT's "industry leading 3.8% dividend yield" makes the shares attractive as a "fixed income alternative." (Previous: KRFT handily beats estimates)
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  • Sunshine123
    , contributor
    Comments (609) | Send Message
     
    Go Kraft.
    6 May 2013, 10:23 PM Reply Like
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