Market Overview

UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on Kellogg Company

Share:
Related K
The Top 10 Value Stocks In The S&P 500
6 Stocks To Watch For December 18, 2017
Chevy Chase Trust Holdings, Inc. Buys iShares Core S&P 5……, Xcel Energy Inc, Aptiv PLC, ... (GuruFocus)

In a report published Friday, Jefferies & Company reiterated its Hold rating on Kellogg Company (NYSE: K), and raised its price target from $52.00 to $54.00.

Jefferies noted, “K remains quite upbeat on the prospects for turning around its business and cited better revenue growth and market share as proof a turn was at hand. While revenues do look healthier, the company is spending heavily to get the results. At the same time, stripping away the better performance from Pringles exposes a base business that still has some way to go to improve profitability and manufacturing proficiency.”

Kellogg Company closed on Thursday at $53.50.

Latest Ratings for K

DateFirmActionFromTo
Dec 2017DZ BankDowngradesBuyHold
Nov 2017ArgusUpgradesHoldBuy
Nov 2017UBSMaintainsNeutral

View More Analyst Ratings for K
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

Related Articles (K)

View Comments and Join the Discussion!