Form 10-Q KELLOGG CO For: Apr 01
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Kellogg (K) upgraded at JPMorgan as previous risks have faded
May 5, 2023 8:38 AM EDTJPMorgan upgraded shares of Kellogg (NYSE: K) to neutral from Underweight, raising the price target for the stock to $72 from $68 per share.
Analyst Ken Goldman told investors in a note that despite Kellogg's beat and raise when it reported earnings on Thursday, its shares trailed the packaged food index by 1.8%.
The packaged food company reported Q1 EPS of $1.10, $0.10 better than the analyst estimate of $1, while revenue for the quarter came in at $4.17... More
