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Sergey Savastiouk's Avatar
published in Blogs
Sep 09, 2019
Kellogg (K, $64.22) gets upgraded to 'buy' from 'neutral' by Goldman Sachs

Kellogg (K, $64.22) gets upgraded to 'buy' from 'neutral' by Goldman Sachs

Kellogg got a rating boost from Goldman Sachs on Friday.

Analysts at Goldman Sachs raised their rating on the cereal maker’s stock to buy from neutral. They also hiked price target on the shares to $72 from $58, a potential 15% upside over the stock's closing price Thursday of $62.84.

Calling Kellogg "the most compelling value left in snacks", Goldman Sachs indicated that said Kellogg’s organic sales will accelerate  which in turn should boost profit margins.

 

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These past five trading days, the stock lost 0.00% with an average daily volume of 0 shares traded.The stock tracked a drawdown of 0% for this period.
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General Information

a company, which engages in the production and distribution of cereals, cookies, crackers and frozen foods

Industry FoodMajorDiversified

Profile
Fundamentals
Details
Industry
Food Major Diversified
Address
412 N. Wells Street
Phone
+1 269 961-2000
Employees
23000
Web
https://www.kellanova.com
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