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Morgan Stanley Gets Bullish on Heinz Ahead of Next Week’s Earnings Report (HNZ)

Packaged foods maker H.J. Heinz Company ( HNZ ) on Tuesday saw its earnings estimates boosted by analysts at Morgan Stanley.

The firm said it raised its estimates for HNZ through 2012, noting it expects upbeat guidance from the company on its upcoming earnings report. Heinz is slated to report earnings on Thursday, May 26.

Morgan Stanley also maintained its "Overweight" rating on HNZ.

H.J. Heinz shares were mostly flat in premarket trading Tuesday.

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 3.43% dividend yield, based on last night's closing stock price of $52.46.

H.J. Heinz Company ( HNZ ) is a "Recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.5 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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