Jefferies analyst Scott Mushkin downgrades Kraft (KFT -1.2% to $37.83) to "hold" from "buy,"...

|By:, SA News Editor

Jefferies analyst Scott Mushkin downgrades Kraft (KFT -1.2% to $37.83) to "hold" from "buy," explaining that growth is likely to slow this year due to costs related to the firm's upcoming split, higher investments and volume weakness. However, Mushkin raises his price target to $41 from $40 and expects a strong performance from Kraft in 2013.