BofA raised the firm’s price target on WK Kellogg to $22 from $15.50 and keeps a Neutral rating on the shares. The firm’s target is now based on a higher multiple applied to its calendar year 2025 EBITDA estimate, the analyst tells investors in a preview note ahead of March quarter end earnings for the U.S. Consumer Staples group.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KLG:
- WK Kellogg price target raised to $15 from $12 at Barclays
- GIS, KLG: 2 Consumer-Packaged Food Stocks for Contrarians
- Kellanova price target lowered to $54 from $55 at Jefferies
- Food stocks looking super cheap, could rally, Barron’s says
- WK Kellogg CEO under fire after ‘cereal for dinner’ comments, NY Post reports