Stifel Maintains Hold on Kellanova, Raises Price Target to $58
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Matthew Smith has maintained a Hold rating on Kellanova (NYSE:K) and increased the price target from $56 to $58.
January 25, 2024 | 2:56 pm
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Stifel analyst Matthew Smith reaffirmed a Hold rating on Kellanova and raised the price target from $56 to $58, indicating a potential upside from the current price.
The adjustment in price target by Stifel suggests a slightly more optimistic outlook on Kellanova's stock value, but the Hold rating indicates that the analyst does not see significant short-term movement. The impact on the stock price is likely to be neutral in the short term, as the Hold rating suggests no immediate action is recommended.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100