Kellogg Company (K) Stock: $73 Price Target And Buy Rating

By Amit Chowdhry ● Apr 3, 2022
  • The shares of Kellogg Company (NYSE: K) have received a $73 price target from UBS. These are the details.

The shares of Kellogg Company (NYSE: K) have received a $73 price target from UBS. And UBS analyst Cody Ross initiated coverage of Kellogg with a “Buy” rating.

Ross adjusted the rating as part of a broader research note on Packaged Goods. And Ross noted that consumers are currently the healthiest they have been in some time with record high net-worth, rising wages, and clean balance sheets. 

Plus Ross pointed out that as inflation continues to move higher, curbing the pace of profit recovery, Ross prefers companies that have been showing greater pricing power, and invest in innovation and brand equity to drive margin expansion. Ross also said that Kellogg’s exit from its Snacks business has allowed it to stabilize its market share in developed markets. 

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.