Market Overview

UPDATE: Jefferies Raises PT on Kellogg Company on Strong Revenue Growth

Share:
Related K
Top 4 Stocks In The Processed & Packaged Goods Industry With The Highest Revenue
This Map Of Every Food Brand Will Blow Your Mind
20 Stocks For 2015: A Performance Review (Seeking Alpha)

In a report published Wednesday, Jefferies reiterated its Hold rating on Kellogg Company (NYSE: K), and raised its price target from $54.00 to $60.00.

Jefferies noted, “K reported adj. 4Q12 EPS of $0.67, in line with consensus – strong revenue growth on better than expected volumes and in-line margins drove the performance. After a transition year in 2012, K now expects to grow again from a new base and the Pringles acquisition will certainly help with the top line this year. However, we remain cautious as for example cereal, in our view, still remains a challenging category.”

Kellogg Company closed on Tuesday at $58.50.

Latest Ratings for K

DateFirmActionFromTo
Feb 2015Societe GeneraleDowngradesHoldSell
Feb 2015CitigroupMaintainsNeutral
Feb 2015JP MorganMaintainsNeutral

View More Analyst Ratings for K
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

Related Articles (K)

Around the Web, We're Loving...