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Fly News Breaks for November 23, 2015
K
Nov 23, 2015 | 06:59 EDT
Credit Suisse analyst Robert Moskow upgraded Kellog to Outperform and increased its price target to $76 from $72 on shares. Moskow said Kellogg's savings from restructuring and ZBB provide visibility into 7-9% earnings growth and management appears to have a new sense of urgency not seen in years. Additionally, recent data suggests sequential improvements in Kellogg's cereal business and expects the segment to return to growth in 2016 driven by the Kashi and Special K brands.
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