Kellogg’s 2013 Estimates Raised by Citigroup (K)

On Friday analysts at Citigroup increased estimates through 2013 for cereal maker Kellogg Company (K).

Kellogg estimates were increased through 2013 because analysts are upbeat after an impressive presentation by the company.

The price target for Kellogg is $64, a +19.2% increase from Thursday’s closing price of $53.67.

Kellogg shares were flat in premarket trading on Friday.

The Bottom Line
Shares of Kellogg (K) have a 3.20% dividend yield, based on last night’s closing stock price of $53.67. The stock has technical support in the $50-$51 price area. The stock is trading near the all-time high levels of $57 a share.

Kellogg Company (K) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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