Investors underestimating Kraft Heinz, tips Goldman Sachs

|About: The Kraft Heinz Company (KHC)|By:, SA News Editor

Goldman Sachs adds Kraft Heinz (KHC -0.5%) to its Americas Conviction List and gives the food stock an $89 price target.

The analyst note from Goldman maintains that investors are underestimating Kraft's earnings power off of cost-cutting and commodity pricing.

The investment firm thinks EPS estimates will be taken higher this year.

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