Kellogg (K) Tops Q1 EPS by 7c, Revs Miss Slightly; Lowers FY17 Net Sales Outlook, Affirms EPS

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Go back to Kellogg (K) Tops Q1 EPS by 7c, Revs Miss Slightly; Lowers FY17 Net Sales Outlook, Affirms EPS

Kellogg (K) PT Lowered to $81 at RBC Capital Following 1Q

May 5, 2017 8:37 AM EDT

RBC Capital lowered its price target on Kellogg (NYSE: K) to $81.00 (from $84.00) while maintaining a Sector Perform rating. Q1 organic sales and operating profit declined YOY largely due to trade inventory reductions and challenging consumption trends in the US and Europe in particular.

RBC... More