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Fly News Breaks for February 20, 2020
K
Feb 20, 2020 | 08:41 EDT
Buckingham analyst Eric Larson trimmed his price target for Kellogg to $76 from $78 and reiterates a Buy rating following Wednesday's CAGNY presentation. In a research note to investors, Larson says he believes continued broad-based acceleration in underlying revenue fundamentals, strong emerging market exposure, favorable margin expansion opportunities, and balanced capital reallocation are not fully discounted in current valuation.
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