Kraft Foods price target raised to $65 from $61 at Credit Suisse Credit Suisse raised Kraft Foods' price target to $65 based on industry valuation multiples and potential asset sales of meat and coffee. Shares are Outperform rated.
Kraft Foods to remove synthetic colors and artificial preservative in US in 2016 Kraft Macaroni & Cheese announced that starting in January 2016, Original Kraft Macaroni & Cheese in the U.S. will no longer be made with artificial preservatives or synthetic colors. Kraft Dinner in Canada will remove synthetic colors by the end of next year in Kraft Dinner Original. Kraft will replace the synthetic colors with those derived from natural sources like paprika, annatto and turmeric.