Jefferies Starts Kellogg (K) at Underperform
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Price: $83.44 --0%
Rating Summary:
6 Buy, 25 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
6 Buy, 25 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Jefferies initiates coverage on Kellogg (NYSE: K) with a Underperform rating and downside $47 price target.
The firm states, "We are convinced that K mgmt's momentum building strategy this year is right, but are concerned that expectations and valuations are already too high given the time and investment that a turnaround might take. That said, we believe that these investments will reward the company long term."
For more ratings news on Kellogg click here and for the rating history of Kellogg click here.
Shares of Kellogg closed at $54.96 yesterday.
The firm states, "We are convinced that K mgmt's momentum building strategy this year is right, but are concerned that expectations and valuations are already too high given the time and investment that a turnaround might take. That said, we believe that these investments will reward the company long term."
For more ratings news on Kellogg click here and for the rating history of Kellogg click here.
Shares of Kellogg closed at $54.96 yesterday.
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