RBC Capital Downgrades Kellanova to Sector Perform, Raises Price Target to $83.5
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Nik Modi has downgraded Kellanova (NYSE:K) from Outperform to Sector Perform while raising the price target from $76 to $83.5.
August 15, 2024 | 3:50 pm
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RBC Capital has downgraded Kellanova from Outperform to Sector Perform, but raised the price target from $76 to $83.5.
The downgrade from Outperform to Sector Perform suggests a less optimistic outlook on Kellanova's stock performance. However, the raised price target to $83.5 indicates some positive expectations. The mixed signals may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100