JP Morgan Initiates Coverage On WK Kellogg with Neutral Rating, Announces Price Target of $11
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Ken Goldman has initiated coverage on WK Kellogg (NYSE:KLG) with a Neutral rating and a price target of $11.
November 02, 2023 | 12:54 pm
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NEUTRAL IMPACT
JP Morgan has initiated coverage on WK Kellogg with a Neutral rating and a price target of $11.
The initiation of coverage by JP Morgan with a Neutral rating suggests that the bank sees WK Kellogg's stock as fairly valued at the moment. The price target of $11 indicates where they believe the stock will move in the near term. This could influence investor sentiment and trading behavior, but the neutral rating suggests no significant price movement is expected in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100