Analyst Moves: KFT, PCLN

This morning, Citigroup increased its price target on shares of Kraft (NYSE:KFT) to $42 following the announcement that the company would split into two separate units. With the higher price target, Citigroup maintained its buy rating.

Shares of Kraft were higher on the news, picking up 2.4% so far.

And UBS increased its price target on shares of Priceline.com (NASDAQ:PCLN) to $575 following a very strong quarter for the company. In the report, UBS noted international growth appeared strong, but reiterated its neutral rating on the stock.

Shares of Priceline.com were sharply higher on the news, picking up 8.3% today.

For MarketNewsVideo.com, I'm Sayoko Murase.

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