Kellanova (K) was downgraded to a Hold Rating at RBC Capital
In a report released on August 1, Nik Modi from RBC Capital downgraded Kellanova to a Hold, with a price target of $83.50. The company’s shares closed yesterday at $80.09.
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Modi covers the Consumer Defensive sector, focusing on stocks such as B&G Foods, Church & Dwight, and Clorox. According to TipRanks, Modi has an average return of -0.4% and a 47.70% success rate on recommended stocks.
Kellanova has an analyst consensus of Hold, with a price target consensus of $83.45, a 4.20% upside from current levels. In a report released yesterday, Barclays also maintained a Hold rating on the stock with a $83.00 price target.
K market cap is currently $27.79B and has a P/E ratio of 20.89.
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