Market Overview

UPDATE: Deutsche Bank Reiterates Buy Rating, Raises PT on Kellogg Company as Top 2013 Pick

Share:
Related K
Benzinga's Top Upgrades, Downgrades For May 25, 2017
Jim Cramer Gives His Opinion on Kellogg, Schlumberger And Southwest Airlines

In a report published Wednesday, Deutsche Bank reiterated its Buy rating on Kellogg Company (NYSE: K), and slightly raised its price target from $64.00 to $65.00.

Deutsche Bank noted, “Retain BUY Opinion & Top 2013 Pick. Kellogg remains our 2013 top pick. We see solid core top line prospects, Pringles and its cost/revenue synergies, along with improving execution/culture as compelling. Despite good FCF and disciplined debt reduction, our view is most investors are ambivalent, reflected by the stock's low valuation (12% discount to the group on 2013 P/E).”

Kellogg Company closed on Tuesday at $58.50.

Latest Ratings for K

DateFirmActionFromTo
May 2017PiperJaffrayInitiates Coverage OnOverweight
Mar 2017BernsteinDowngradesMarket PerformUnderperform
Feb 2017Deutsche BankInitiates Coverage OnHold

View More Analyst Ratings for K
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings

 

Related Articles (K)

View Comments and Join the Discussion!