Deutsche Bank Reiterates a 'Buy' Rating on Kellogg (K); Future Onward and Upward
More News related to K
- Kellogg (K) Shares Rising Despite DA Davidson Downgrade
- Highlights From Kellogg's Q4 Conference Call: Lower Inflation and Media Costs Helped; Guides Above for FY10
- Kellogg (K) Misses Lofty Q4 Expectations, Shares Fall
- Kellogg (K) Reports Q4 EPS of $0.46, Misses by 2c; Guides FY10
- Kellogg Announces Strong 2009 Earnings Results; Delivers Record Cash Flow; Raises 2010 Currency-Neutral EPS Guidance
More News related to Analyst Comments
- Morgan Stanley Says Buy Commodities on Recent Dip
- JPMorgan Close to Upgrading UAL, AMR, US Airways; Raises Estimates on UAL Following Traffic Results (UAUA, AMR, LCC, more)
- S&P Revises Credit Outlooks On BofA (BAC) and Citi (C) to Negative, Saying No More Free Govenment Handouts
- S&P Revises Outlook on Citigroup (C) from Stable to Negative
- Wedbush Maintains an 'Outperform' on Electronic Arts (ERTS); Lowers PT & Estimates
Deutsche Bank reiterates a 'Buy' rating on Kellogg (NYSE: K), price target $59.
Deutsche analyst says, "We reiterate our BUY opinion based upon leading global share in cereal and exposure to rapidly growing snack categories. With well recognized brands, a motivated and focused mgmt team, significant cost savings, solid balance sheet and robust FCF, it is hard to see a future that isn’t onward and upward...Kellogg mgmt gave a cogent and robust defense of the company’s long held strategy, giving investor reasons to feel optimistic about prospects despite a challenging marketplace. Once again mgmt. pointed to increasing confidence in LT savings plans with accelerating returns that will yield $1+ bil. by 2011-end...We think investors were most surprised by a 30% proactive cut in SKUs in N.A. product in 2009 as Kellogg reacts to a new environment of economizing consumers and more focused retailers. Although no change in guidance was given, investors were left with a company on track to meet its LT goals."
To see more analyst ratings on K Click Here.
Kellogg Company, together with its subsidiaries, engages in the manufacture and marketing of ready-to-eat cereal and convenience foods.
Related Categories
Analyst CommentsStocks Mentioned
+0.48Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
