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Fly News Breaks for September 6, 2019
K
Sep 6, 2019 | 06:24 EDT
Goldman Sachs analyst Jason English upgraded Kellogg to Buy and raised his price target to $72 from $58, saying the stock is the "most compelling value left in snacks" and has a visible path to accelerating its organic sales growth and growing its margins. The analyst cites the recent changes at the company sustaining its faster growth rate, including Kellogg divesting its cookie, fruit snack, pie crust and ice cream cone business as well as benefiting from rising enthusiasm from recent entrants in the "meat alternative" space.
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