Why Kellogg Should No Longer Be Ignored By Investors: Analyst Upgrades Stock Amid Improved Earnings Outlook
Portfolio Pulse from Priya Nigam
Kellogg Company (NYSE:K) has been upgraded from Underperform to Market Perform by Bernstein analyst Alexia Howard, who cited the company's improved earnings outlook. Despite trading at a five-year low, Kellogg has consistently outperformed analyst forecasts during and after the pandemic.
June 22, 2023 | 4:28 pm
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NEUTRAL IMPACT
General Mills Inc (NYSE:GIS) mentioned in comparison to Kellogg's performance, with both companies experiencing similar increases in consensus EBIT estimates.
General Mills Inc (NYSE:GIS) is mentioned in the article as a comparison to Kellogg's performance. Both companies have experienced similar increases in consensus EBIT estimates. However, the focus of the article is on Kellogg's upgrade, so the impact on General Mills' stock price is likely neutral in the short term.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50
POSITIVE IMPACT
Kellogg (NYSE:K) upgraded from Underperform to Market Perform by Bernstein analyst Alexia Howard due to improved earnings outlook.
The upgrade from Underperform to Market Perform by Bernstein analyst Alexia Howard is based on Kellogg's improved earnings outlook. This positive sentiment could lead to increased investor interest and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100