Kraft Heinz Co Appetizing To Analysts Before Q1 Results
May, 04th 11:07
Out of 14 analysts covering Kraft Heinz (NASDAQ:KHC), 11 rate it a “Buy”, 2 “Sell”, while 3 “Hold”, which means 69% are positive. Kraft Heinz is likely to beat earnings forecast as it is innovating in its product lineup by using a “Big Bets” strategy through recipe changes and marketing techniques, combined with impressive cost-cutting. The hourly chart show KHC closed in the red at 78.59 last session. The downtrend seems to be temporary, as the ADX is at 21.18. The stock is expected to reach the support at 78.18 before bouncing back again.