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Fly News Breaks for August 2, 2019
K
Aug 2, 2019 | 08:51 EDT
Guggenheim analyst Laurent Grandet said he was encouraged by Kellogg's improved sales growth momentum in the quarter. He raised his EPS estimates for FY19-FY21 following the report and increased his price target on Kellogg shares to $65 from $55, but keeps a Neutral rating on the stock as he thinks most of the upside is now priced in given the stock's positive reaction.
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