WK Kellogg shares are trading lower after Exane BNP Paribas downgraded the stock from Neutral to Underperform and announced a $20 price target.
Portfolio Pulse from Benzinga Newsdesk
WK Kellogg shares are trading lower following a downgrade from Exane BNP Paribas, moving from Neutral to Underperform with a new price target of $20.
May 08, 2024 | 5:10 pm
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WK Kellogg's stock price is expected to face downward pressure in the short term due to the downgrade from Neutral to Underperform by Exane BNP Paribas, alongside a new price target of $20.
The downgrade by a notable financial institution like Exane BNP Paribas directly impacts investor sentiment and could lead to a decrease in stock price. The setting of a lower price target further emphasizes the expected negative performance of the stock in the market.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100