Kellogg (K) Reports In-Line Q2 EPS; Boosts FY16 EPS Outlook

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RBC Capital Raises Price Target on Kellogg (K) to $86 Following In-Line 2Q

August 5, 2016 7:52 AM EDT

RBC Capital reiterates Sector Perform rating on Kellogg (NYSE: K), and raised the price target to $86.00 (from $82.00), following the company's 2Q earnings report. K reported an in-line EPS of $0.91. Management maintained 2016 EPS of $3.61.

Analyst David Palmer commented, "While we maintain our full-year EPS... More