Barclays raised the firm’s price target on WK Kellogg (KLG) to $23 from $16 and keeps an Underweight rating on the shares after the company entered into an agreement under which Ferrero has agreed to acquire it for $23.00 per share in cash, representing a total enterprise value of $3.1B.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KLG:
- WK Kellogg upgraded to Hold from Sell at TD Cowen
- Hold Rating on WK Kellogg Co Amid Acquisition by Ferrero and Disappointing Financials
- CoreWeave initiated, Texas Instruments upgraded: Wall Street’s top analyst calls
- WK Kellogg upgraded to Neutral from Underperform at BNP Paribas Exane
- Morning News Wrap-Up: Thursday’s Biggest Stock Market Stories!