Kellanova (K) Expands Partnership with Interpublic Group

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Kellanova (K) PT Lowered to $60 at Deutsche Bank

July 23, 2024 5:06 AM EDT

Deutsche Bank analyst Steve Powers lowered the price target on Kellanova (NYSE: K) to $60.00 (from $62.00) while maintaining a Hold rating.

The analyst comments "While market sentiment for packaged food stocks continues to skew negative owing to (i) broad-based volume pressures, (ii) perceived diminished pricing power, and (iii) an intensifying competitive backdrop, our views on K are balanced by (i) improving US tracked... More