BofA analyst Peter Galbo lowered the firm’s price target on WK Kellogg (KLG) to $17 from $18 and keeps an Underperform rating on the shares following the company’s Q4 report. The firm applies a lower-than-peer multiple to its estimates for WK Kellogg, arguing that “the discount is fair” given the company’s plan to increase leverage, category weakness, and a “tough path” to hit its organic sales target in 2025.
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Read More on KLG:
- Challenges Ahead for WK Kellogg Co: Declining Sales and Market Pressures
- WK Kellogg Co Reports 2024 Financial Results and 2025 Outlook
- WK Kellogg Co Reports Robust EBITDA Amid Mixed Results
- WK Kellogg sees 2025 organic revenue growth (1%) from 2024 revenue of $2.71B
- WK Kellogg reports Q4 adjusted EPS 42c, consensus 26c
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