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Heinz’s Price Target Lowered at JPMorgan (HNZ)

Packaged foods maker H.J. Heinz Company ( HNZ ) on Wednesday saw its price target cut by analysts at JPMorgan.

The firm maintained its "Overweight" rating on HNZ but lowered its price target from $60 to $57. That new target suggests an 11% upside to the stock's Tuesday closing price of $51.44.

Heinz shares, which have risen 4% year-to-date, were unchanged in premarket trading Wednesday.

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 3.73% dividend yield, based on last night's closing stock price of $51.44.

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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