Exane BNP Paribas Downgrades WK Kellogg to Underperform, Announces $20 Price Target
Portfolio Pulse from Benzinga Newsdesk
Exane BNP Paribas analyst Max Gumport downgrades WK Kellogg (NYSE:KLG) from Neutral to Underperform with a new price target of $20.
May 08, 2024 | 9:37 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
WK Kellogg downgraded from Neutral to Underperform by Exane BNP Paribas with a price target of $20.
The downgrade from Neutral to Underperform by a notable analyst firm like Exane BNP Paribas suggests a bearish outlook on WK Kellogg's stock. The announcement of a $20 price target, presumably lower than its current trading price, indicates an expectation of declining stock value. This could lead to a negative short-term impact on investor sentiment and stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100