Barclays Maintains Underweight on WK Kellogg, Raises Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Andrew Lazar maintains an Underweight rating on WK Kellogg (NYSE:KLG) and raises the price target from $12 to $15.

April 12, 2024 | 2:39 pm
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Barclays maintains an Underweight rating on WK Kellogg and increases the price target from $12 to $15.
While the upgrade in price target from $12 to $15 suggests a positive outlook on the valuation, the Underweight rating indicates ongoing concerns about the company's fundamentals or market position. This mixed signal could lead to neutral short-term price movement as investors weigh the increased price target against the cautious stance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100