Kraft Heinz stock falls as firm announces plan to split into two
Kraft Heinz (KHC) stock slumped nearly 7% after unveiling plans to split into two public firms, but analysts say the break-up may limit downside. Morgan Stanley upgraded KHC to Equal Weight with a $29 target, while Mizuho said the split "strengthens the floor". Retail sentiment turned extremely bullish, with message volume surging 8,500%.