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.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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