je.st
news
Kellogg (K) Stock Downgraded Today at Citi
2015-01-12 17:26:21| Agriculture - Topix.net
The firm said it lowered its rating on the ready-to-eat cereal and convenience foods company based on its belief that Kellogg will likely continue to lose market share and is facing currency risks. "We see the food sector with a 15-year high forward P/E valuation, ongoing volume declines, an onerous foreign exchange environment, and risk to organic growth estimates for companies with exposure to Europe and emerging markets," Citigroup said.
Tags: today
stock
kellogg
citi
Category:Agriculture and Forestry
Latest from this category |
All news |
||||||||||||||||||
|
|||||||||||||||||||