Jefferies upgrades Kraft Foods (KFT) to Buy from Hold after crunching the numbers and seeing an...

|By:, SA News Editor

Jefferies upgrades Kraft Foods (KFT) to Buy from Hold after crunching the numbers and seeing an attractive sum-of-the-parts valuation. Analyst Scott Mushkin sees the split off grocery and snack foods companies accelerating their growth in FY13 after a round of investments and restructuring kicks in. With a $48 price target on KFT, Jefferies calls for 20% upside potential.