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Heinz Upgraded to “Buy” at UBS on Strong Growth Expectations (HNZ)

Food products maker H.J. Heinz Company ( HNZ ) on Thursday caught a big upgrade from analysts at UBS.

The firm said it boosted its rating on HNZ from "Neutral" to "Buy" with a $62 price target. That target suggests a 15% upside to the stock's Wednesday closing price of $53.72.

UBS noted it believes that Heinz will deliver better-than-expected earnings growth over the next several quarters.

Heinz shares were mostly flat in premarket trading Thursday.

The Bottom Line

We have been recommending shares of H.J. Heinz ( HNZ ) since Jan.24, 2009, when the stock was trading at $35.06. The company has a 3.57% dividend yield, based on last night's closing stock price of $53.72.

H.J. Heinz Company ( HNZ ) is a "Recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.7 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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