Bernstein and Deutsche Bank boost outlook for Kraft Heinz and Take-Two Interactive

NEW YORK – In a series of Wall Street research calls today, several major companies received upgraded assessments from influential financial firms. Among those, Kraft Heinz (NASDAQ: NASDAQ:) and Take-Two (NASDAQ:) Interactive Software (NASDAQ: TTWO) stood out with positive revisions to their stock ratings and price targets.

Bernstein, a prominent investment research firm, has shifted its view on Kraft Heinz to Outperform, maintaining a steady price target of $40. This upgrade comes after a recent decline in the company’s stock value, which Bernstein suggests may have been an overreaction.

Similarly, Take-Two Interactive Software’s prospects look brighter according to Deutsche Bank, which has lifted its rating to Buy. The optimism is partly due to anticipation around significant product launches, including the much-awaited GTA 6 trailer. Deutsche Bank also increased its price target for the gaming company to $175.

In addition to these upgrades, J.M. Smucker (NYSE: SJM) saw a change in its rating by Bernstein to Market Perform. However, the firm has reduced the price target for Smucker to $119, citing concerns about GLP-1’s impact on future food volumes as a reason for caution.

Lastly, Aspen Technology (NASDAQ: NASDAQ:), following a notable 28% drop in stock price since its fiscal Q3 results announcement, received an upgrade from Baird to Outperform. Baird also raised its price target for Aspen Technology to $202. The firm believes that the market has already accounted for the worries surrounding Aspen’s fiscal 2024 annual contract value guide and EMR integration in the current stock price.

These updated ratings and price targets reflect analysts’ reassessments of these companies’ potential performances based on recent market dynamics and individual business developments.

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