DA Davidson has commented and weighed in on
Kellanova's Q2 2024 Earnings and its price target was increased several times to $72, $66, and $64 by different analysts. Factors contributing to the improved outlook include better Q1 earnings and sales exceeding estimates.
International Assets Investment Management, Charles Schwab Investment Management and
Daiwa Securities Group raised their position in Kellanova. Notably, Kellanova concluded its business separation in a bid to fuel growth. Despite these developments, the company saw insiders, including the
Kellogg W K Foundation Trust and SVP
Nicolas Amaya, reducing their holdings. Despite some days of stock underperforming the market, there were also instances of soaring stock prices. While the reliance on international revenue might be a concern for some investors, Kellanova is still viewed as a top-ranked value stock and a favorite for institutional ownership. On another note, the earnings preview expected a decline for Kellanova's Q1. Finally, the company has issued its FY 2024 Earnings guidance.
Kellanova Stocks K News Analytics from Tue, 25 Jul 2023 07:00:00 GMT to Sat, 11 May 2024 06:12:56 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor -2
