UPDATE: JP Morgan Upgrades Kellogg, But Lowers PT Following Recent Earnings Report
February 07, 2014 at 08:31 AM EST
In a report published Friday, JP Morgan analyst Ken Goldman upgraded Kellogg (NYSE: K ) from Underperform to Neutral but lowered the price target from $58 to $55. Goldman remained cautious. Although Kellogg has managed to increase short-term performance, Goldman was not convinced of longer term performance. In the report,