Kraft Heinz: “They Must Be Doing Something Right”

Shares of Kraft Heinz ( KHC ) are surging today after the food giant beat earnings forecasts. The news got investors, and analysts alike excited, with the shares rising 3.5% to a recent $88.57. It also won over at let one skeptic. Deutsche Bank analyst Mario Contreras upgraded Kraft to a Buy and lifted his price target to $103 from $85, which suggests the packaged food company, could gain another 16% in the next 12 months.