Deutsche Bank Downgrades Kellogg: Here's What You Need To Know

Deutsche Bank downgraded its rating of Kellogg K to Hold with a price target of $73.00, changing its price target from $74.00 to $73.00.

Shares of Kellogg are trading down 1.46% over the last 24 hours, at $68.32 per share.

A move to $73.00 would account for a 6.85% increase from the current share price.

About Kellogg

Founded in 1906, Kellogg is a leading global manufacturer and marketer of cereal, cookies, crackers, and other packaged foods. Its offerings are manufactured in 21 countries and marketed in more than 180 countries. Its product mix includes well-known brands such as Special K, Frosted Flakes, Froot Loops, Rice Krispies, Pop-Tarts, Eggo, Kashi, and Morningstar Farms. The firm added the Pringles brand to its mix in 2012. Sales outside its home turf account for around 40% of Kellogg's consolidated sales base.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.