Kellanova price target raised to $60 from $55 at Barclays

Barclays raised the firm’s price target on Kellanova to $60 from $55 and keeps an Equal Weight rating on the shares. The company’s initial 2024 guidance “is certainly better than feared,” the analyst tells investors in a research note. While management confidence is building overall, volume in the key North America segment is still likely to take center stage and is key to delivering the year, says the firm.