BofA is moving to No Rating on Kellanova from Buy following Reuters’ recent report that Mars is exploring a potential acquisition. While neither party has confirmed the report and there is no certainty of a deal, the firm moves to No Rating as it believes that the stock is no longer trading on fundamentals, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on K: