Kellogg's sales and profit beat estimates, to retain plant-based meat business
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RBC Capital Remains Sector Perform Rating on Kellogg (K) Following Earnings Report
February 9, 2023 9:51 AM ESTRBC Capital analyst Nik Modi reiterated a Sector Perform rating and $70.00 price target on Kellogg (NYSE: K).
The analyst comments "How does this quarter impact our thesis? Kellogg's is definitely showing it is a much stronger company than a few... More
Goldman Sachs on Kellogg (K): 'Strong results, FY23 EPS outlook falls short as expected', Expects Equity to Appreciate Today
February 9, 2023 9:50 AM ESTGoldman Sachs analyst Jason English reiterated a Neutral rating and $78.00 price target on Kellogg (NYSE: K).
The analyst comments "K reported higher than expected 4Q22 EPS of $0.94 (vs. GS/FactSet consensus $0.80/$0.85) as robust organic growth flowed through to marginally higher than consensus gross and... More
Deutsche Bank 'more neutral' on Kellogg (K) Following Earnings Report
February 9, 2023 9:48 AM ESTDeutsche Bank analyst Steve Powers reiterated a Hold rating and $72.00 price target on Kellogg (NYSE: K).
The analyst comments "Overall, we expect a generally constructive response to K's sizable 4Q top- and bottom-line beat (organic growth of +16.2% vs. DBe +12.3%/Street +11.3%, EPS of $0.94 vs. DBe: $0.86/Street: $0.84), albeit likely tempered by FY23 EPS guidance that signals potential downside to consensus on the back of... More
