J P M O R G A N North America Credit Research 06 August 2026 This material is neither intended to be distributed to Mainland China investors nor to provide securities investment consultancy services within the territory of Mainland China. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. Credit Calls Thursday, August 06, 2026 Feature Kraft Heinz Co.: Lactose-free Philadelphia?!? Count me in - Upgrading to OW (Carla Casella, CFA) We ar ...