Kraft Foods Rises on Upgrade
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Zaslow raised his target share price to $31 from $26 and raised his earnings estimates for fiscal 2009 and 2010.
In May the company declared a regular quarterly dividend of 29 cents a share payable on July 14 to stockholders of record as of June 30. Last week, Jim Cramer also recommended the stock for those looking for a defensive play. Shares of the company were up more than 3% to $26.94 in morning trading.- Loading Comments...
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