Kellogg's pricing actions help bolster annual forecasts
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Kellogg (K) upgraded at JPMorgan as previous risks have faded
May 5, 2023 8:38 AM EDTJPMorgan upgraded shares of Kellogg (NYSE: K) to neutral from Underweight, raising the price target for the stock to $72 from $68 per share.
Analyst Ken Goldman told investors in a note that despite Kellogg's beat and raise when it reported earnings on Thursday, its shares trailed the packaged food index by 1.8%.
The packaged food company reported Q1 EPS of $1.10, $0.10 better than the analyst estimate of $1, while revenue for the quarter came in at $4.17... More
Kellogg (K) tops earnings estimates following North American cereal rebound
May 4, 2023 12:10 PM EDTResilient demand and recovering profit margins helped Kellogg (NYSE: K) post a top and bottom line beat when it reported results for its first quarter before the open on Thursday.
The packaged food maker reported Q1 EPS of $1.10, $0.10 better than the analyst estimate of $1, with revenue for the quarter... More
