Morgan Stanley analyst Pamela Kaufman lowered the firm’s price target on Kellogg to $71 from $74 and keeps an Equal Weight rating on the shares as part of a Q1 earnings preview for the packaged food group. The firm see above-consensus Q1 EPS and stable 2023 fundamentals across the group, adding that it prefer companies with "strong topline growth prospects as pricing benefits wane."
Published first on TheFly
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