Citigroup Upgrades Kellogg To Buy And Raises Price Target To $63

By Benzinga Staff
October 30, 2009 6:40 AM

Symbols: K

Posted in: Analyst Color, Upgrades, Price Target, Analyst Ratings

Citigroup upgrades Kellogg (NYSE: K) from Hold to Buy. Citi also raised its price target on Kellogg from $50 to $63. Kellogg closed at $51.38 yesterday.

Citigroup believes Kellogg's reduced spending and share buyback will serve as catalysts for its stock. Kellogg is trading up slightly in the pre-market.

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Citigroup Upgrades Kellogg To Buy And Raises Price Target To $63

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