RBC Capital maintained a Sector Perform rating on Kellogg (NYSE: K), and raised the price target to $74.00 (from $72.00), ahead of the company's 4Q earnings report. However, Kellogg lowered 2016 and 2017 estimates, primarily due to additional currency headwinds. Kellogg is scheduled to release earnings results on 2/11.

Analyst David Palmer commented, "We maintain our above-consensus 4Q EPS forecast; the company will report Thursday (2/11). However, we lower our 2016 and 2017 estimates primarily due to additional currency headwinds, although we increase our target multiple to reflect stabilizing US cereal and snacks sales."

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Shares of Kellogg closed at $71.40 yesterday.