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.
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
a company, which engages in the production and distribution of cereals, cookies, crackers and frozen foods
Industry FoodMajorDiversified