Cautious Hold Rating on Kellanova Amidst Projected Slowdown in Growth and Profitability

In a report released today, Robert Moskow from TD Cowen maintained a Hold rating on Kellanova, with a price target of $83.50.

Robert Moskow has given his Hold rating due to a combination of factors including the updated forecast for Kellanova’s financial performance. The projections for 2025 indicate a significant slowdown in organic sales growth to 0.2% compared to 5.6% in 2024. Additionally, there is an anticipated decline in operating profit by 4% and earnings per share by 6%.
These revised expectations suggest a challenging environment for Kellanova, which may not offer substantial upside potential in the near term. As a result, the Hold rating reflects a cautious stance, advising investors to maintain their positions without aggressively buying or selling the stock.

In another report released on October 31, Piper Sandler also maintained a Hold rating on the stock with a $83.50 price target.