EARN25

Mizuho Calls Kraft Heinz Stock Underestimated, Initiates Coverage

The analyst said KHC could jump by over 25%

Deputy Editor
Jul 18, 2022 at 9:12 AM
facebook X logo linkedin


Mizuho initiated coverage on Kraft Heinz Co (NASDAQ:KHC) with a "buy" rating and $48 price target this morning, saying that the underestimated stock could jump over 25%. KHC also received a mild price-target cut, however, with Deutsche Bank lowering its price by $1 to $47. Kraft Heinz stock is trading flat premarket, up 0.3% to trade at $38.10. 

Should any analysts in coverage look to follow Mizuho's lead, a round of bull notes could provide tailwinds. Of the 11 analysts in coverage, eight carry a "hold" or worse rating. 

Plus, though calls are still winning out on an absolute basis, the options pits have been much more bearish than usual. This is per KHC's 50-day put/call volume ratio at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which ranks higher than 92% of readings from the past year. 

On the charts, Kraft Heinz stock has found support at the 200-day moving average, which sits just below the $38 level. Year-to-date, the equity is up 5.9%. 

 

You Don’t Need 25 Alerts -- You Need ONE You Can Trust!

That’s the idea behind Trade of the Week, Schaeffer’s newest trade alert.

Every Monday morning before the opening bell, you’ll receive a single, expertly researched trade recommendation -- built from the same proprietary research we’ve been using for over four decades.

It’s not just a signal.

It’s a plan designed for traders who are tired of jumping from alert to alert without ever finding their edge.

No juggling alerts. No switching directions mid-week. Just one clear, expertly researched trade idea -- delivered before the market even opens.

👉 JOIN RIGHT NOW FOR JUST $1 TO GET THE NEXT TRADE!