Market Overview

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

Share:
Related K
Tough Time Ahead for Grocery Stocks and ETFs?
The Zacks Analyst Blog Highlights: Facebook, Wal-Mart, Merck, Kellogg and PACCAR

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
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: JefferiesAnalyst Color Price Target Analyst Ratings

 

Related Articles (K)

View Comments and Join the Discussion!