Deutsche Bank Reiterates Buy Rating On HNZ

Deutsche Bank is reiterating its Buy rating on shares of H.J. Heinz Company (NYSE: HNZ).

“We continue to believe (1) above-average emerging market exposure, (2) possible foodservice rebound, (3) less-than-average inflation pressure,” Deutsche Bank writes.

“(4) Selected catalysts that could help profitability such as winning McDonald's in the U.S. (estimated $0.06 - $0.10 a share) or a rebound in transactional currency pressure (up to $0.20 a share), and (5) solid balance sheet and FCF will result in good stock performance and shareholder returns.”

Heinz Company closed Friday at $49.86.