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Fly News Breaks for February 8, 2019
K
Feb 8, 2019 | 07:19 EDT
JPMorgan analyst Ken Goldman lowered his price target for Kellogg to $56 following the company's "low-quality" Q4 earnings beat and 2019 earnings guidance that came in well below the Street. The analyst says that until he sees an indication that margin erosion is waning, "it is prudent to model conservatively." He keeps a Neutral rating on Kellogg.
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