Fly News Breaks for January 9, 2020
Jan 9, 2020 | 05:09 EDT
BMO Capital analyst Kenneth Zaslow upgraded Kellogg to Outperform from Market Perform with a price target of $79, up from $70. The stock closed Wednesday up 8c to $68.89. Kellogg has become a "compelling investment" as it continues its evolution into a snacking company with growing exposure to emerging markets, Zaslow tells investors in a research note. An improvement in U.S. cereal, better execution across its portfolio, solid snack consumption across its key brands, and growth outside the U.S. should accelerate the company's growth beginning in 2020, contends the analyst.
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