UPDATE: Morgan Stanley Upgrades Kraft Foods Following YTD Underperformance
December 09, 2013 at 12:29 PM EST
In a report published Monday, Morgan Stanley analyst Matthew Grainger upgraded the rating on Kraft Foods Group (NASDAQ: KRFT ) from Equal-Weight to Overweight, and raised the price target from $55.00 to $60.00. In the report, Morgan Stanley noted, “Upgrading KRFT to Overweight following YTD underperformance of ~750 bps. We