TD Cowen Stays at $22 Target for KHC, Alpha Score 51
TD Cowen analyst Robert Moskow reaffirmed Hold on KHC with a $22 target. Shares trade above that at $24.34. Alpha Score 51 reflects mixed consumer staples fundamentals.
TD Cowen analyst Robert Moskow reiterated a Hold rating on Kraft Heinz (KHC) on Oct 4, with an unchanged price target of $22 per share, according to a note to clients. The stock traded near $24.34 at the time, above the target.
The reiteration comes with no change to the investment case. The $22 target marks an 9.6% downside from the current share price. The GF Value metric from GuruFocus, which blends historical multiples and analyst forecasts, estimates fair value at $29.16 per share, implying the stock is trading at a discount to that measure.
KHC carries an Alpha Score of 51 out of 100 at AlphaScala, a 'Mixed' reading that reflects a balanced risk-reward profile within the Consumer Staples sector. The score sits below the sector average, pointing to limited near-term conviction from proprietary models.
The reaffirmed rating and target suggest analysts do not expect a near-term catalyst to move the stock meaningfully. Shares closed at $24.34 on the day of the reiteration.
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