Morgan Stanley Reaffirms Their Sell Rating on WK Kellogg Co (KLG)
Morgan Stanley analyst Megan Alexander maintained a Sell rating on WK Kellogg Co (KLG – Research Report) today and set a price target of $18.00. The company’s shares closed yesterday at $18.89.
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According to TipRanks, Alexander is a 3-star analyst with an average return of 3.7% and a 49.32% success rate. Alexander covers the Consumer Cyclical sector, focusing on stocks such as Hasbro, Brunswick, and Topgolf Callaway Brands.
WK Kellogg Co has an analyst consensus of Moderate Sell, with a price target consensus of $17.86.
Based on WK Kellogg Co’s latest earnings release for the quarter ending December 28, the company reported a quarterly revenue of $640 million and a net profit of $19 million. In comparison, last year the company earned a revenue of $651 million and had a net profit of $15 million
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