Evercore ISI analyst David Palmer is raising the firm’s 2024 EBITDA forecast for WK Kellogg to $269M from $260M following Q4 earnings and the firm’s call back with the company, while raising its price target on the shares to $17 from $15.50. Following the company’s stronger than expected 2024 outlook, the firm is removing the stock from the firm’s “Tactical Outperform” list and keeps an In Line rating on the shares.
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- WK Kellogg Co Announces Strong Fourth Quarter and Full Year 2023 Financial Results, and increased 2024 EBITDA Guidance
