Deutsche Bank Retains Buy Opinion On Kellogg

According to Deutsche Bank, Kellogg K Buy rating is retained. Deutsche Bank said that it retains its BUY opinion given its belief that top line growth (new product introductions, price/mix realization, investments in brand building) will drive stock performance in 2011. “For the LT, we continue to like the stock given leading share in the large, profitable snack and cereal categories and reasonable valuation (13.8x2012 P/E).” Kellogg closed yesterday at $55.36.