Fly News Breaks for January 13, 2020
Jan 13, 2020 | 07:08 EDT
Buckingham analyst Eric Larson reiterated his Buy rating and $71 price target on Kellogg, saying 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. Larson tells investors in a research not that while near-term headwinds and comps are pressuring earnings, strong marketing reinvestment strategies are working and should improve Kellogg's sales and earnings outlook for 4Q19 and in 2020.
News For K From the Last 2 Days
Sep 21, 2021 | 08:18 EDT
Morgan Stanley analyst Pamela Kaufman assumed coverage of Kellogg with an Equal Weight rating with a price target of $64, down from $66. She anticipates muted sales growth beyond COVID and sees limited opportunity for margin expansion given that the company has already implemented large scale cost savings programs, Kaufman tells investors.