Shares of Kraft Foods Group (KRFT) popped after Goldman Sachs upgraded the stock to CONVICTION BUY from NEUTRAL Thursday morning, making it TheStreet’s Move of the Day. The packaged foods company had its rating raised by analysts at the firm, and placed on Goldman’s Conviction Buy List. The firm said costs for food makers have been falling along with commodity prices. Goldman noted that Kraft is one company that benefits most from the reduced costs. Also, it said that Kraft has the strongest pricing power among companies in the industry. Goldman has a $73 price target on shares. TheStreet’s Kurumi Fukushima reports.
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