Kellanova price target raised to $83.50 from $76 at Wells Fargo

Wells Fargo raised the firm’s price target on Kellanova to $83.50 from $76 and keeps an Equal Weight rating on the shares. The firm notes Kellanova is “heading off to the stars, so to speak,” as a deal has been struck by which Mars will acquire the company for $83.50, about in-line with Wells’ base buy-out scenario. Regulatory hurdles seem few, the firm says.