Kellogg

JP Morgan has raised the price target on Kellogg (NYSE: K) from $57 to $62 and maintains its Overweight rating.

Investors are “clearly concerned” about General Mills, Inc.'s (NYSE: GIS) F2012 and the impact of inflation, Citi reports. “Additionally, General Mills trails the food manufacturing sector average P/E by 1 point at 14.0x CY2011 EPS,” Citi writes. “This is unusual as General Mills has historically...

Wells Fargo is out with its report today on Kellogg (NYSE: K), upgrading K from Market Perform to Outperform. In a note to clients, Wells Fargo writes, "We are upgrading shares of Kellogg to Outperform from Market Perform and are raising our 12-month valuation range to $58-60 from $51-53. We expect...

The channel migration industry is facing high unemployment and cautious consumers, and industry spending has been aggressive to drive volume growth at the expense of category growth and profits, Deutsche Bank reports. Mass and super-centers are losing market share in the US and consumers are being...

Kellogg Company (NYSE: K) is having its "buy" opinion reiterated by Deutsche Bank, due to Kellogg's leading shares in large snack and cereal categories (that are also profitable), LT productivity, solid balance sheet, FCF (7-8% yield) and attractive valuation (12.4x 2011 P/E). Kellogg closed...