William L. Moore
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Deutsche: Good Things Come To Those Who Don't Wait To Buy Heinz

Mario Contreras of Deutsche Bank turned bullish on Kraft Heinz Co 's stock on Friday and upgraded the rating to Buy from Hold with a price target boosted to $103 from a previous $85.

According to Contreras, Kraft Heinz represents an "attractive long-term story" given its industry-leading margin profile, a "solid" market share positioning across its portfolio while delivering "impressive" EBITgrowth.

Contreras did acknowledge he was previously "cautious" of the company when it reorganized its structure with 3G Capital. Nevertheless, the company's results thus far and the sheer number of peers looking to emulate its overall strategy serves as a "clear" sign that the company is "doing something right."

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