RBC Capital Raises Price Target on Kellogg (K) Accounting for US Consumption Ahead of 4Q Report

Go back to RBC Capital Raises Price Target on Kellogg (K) Accounting for US Consumption Ahead of 4Q Report

RBC Capital Raises Price Target on Kellogg (K) as Cereal Trends Improve Cost Savings Visibility

February 12, 2016 7:51 AM EST

RBC Capital reiterated a Sector Perform rating on Kellogg (NYSE: K), and raised the price target to $78.00 (from $74.00), following the company's 4Q earnings report. RBC reiterated 2016 and 2017 EPS estimates of $3.65 (cons $3.68) and $3.92 (cons $3.96), respectively, as improving visibility on cost savings is offset by... More