Goldman downgrades Kraft Heinz to sell, says the recent rally won't last

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Goldman downgrades Kraft Heinz to sell, says the recent rally won't last
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The firm downgraded shares of Kraft Heinz to sell from neutral because the stock has gone up too much since Kraft's strong third-quarter earnings.

's recent rally, the food company has a long road to recovery, according to Goldman Sachs.

The firm downgraded shares of Kraft Heinz to sell from neutral because the stock has gone up too much, too fast since Kraft's strong third-quarter earnings. Goldman left its $29 per share 12-month price target unchanged, which Kraft blew by last month, last trading at $32.90 per share.

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