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Fly News Breaks for August 4, 2017
K
Aug 4, 2017 | 06:25 EDT
JPMorgan analyst Ken Goldman upgraded Kellogg to Overweight and raised his price target for the shares to $78 from $76. The analyst views the risk/reward as appealing with the Street's 2018 EBIT margin estimate 50 basis points below guidance, Direct Store Delivery execution risk largely behind the company an easier comps approaching in U.S. cereal.
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