2011 Looks To Have "Significant EPS Upside" For Kellogg (K), Citi Reports

In a report released this morning, Citi reports that 2011 “looks to have significant EPS upside for Kellogg Company

, and includes the premise that in 2011, a year with significantly increased innovation, new products are likely to be highly incremental as a result of a 30% SKU curtailment initiated by Kellogg in 3Q09.” Kellogg Company closed Friday at $53.39.