Analysts: Kellogg’s Restructuring Plan Comes at High Cost and 3 More Research Notes to Browse
Kellogg (NYSE:K): Deutsche Bank downgraded Kellogg to Hold from Buy, citing limited 2014 visibility, and large cash costs from the company’s four-year restructuring plan. The firm has lowered its price target for shares to $65 from $68.
Halcon Resources (NYSE:HK): Wells Fargo downgraded Halcon Resources to Market Perform from Outperform, citing the company’s disappointing 2014 production guidance, underperforming assets in the Woodbine, and a lack of progress in the Utica. Wells lowered its price target range for shares to $4.50-$5.50 from $6-$7.
BroadSoft (NASDAQ:BSFT): Jefferies recommends using the post-earnings pullback in shares of BroadSoft as a buying opportunity. The firm says it continues to like the company’s long-term growth prospects, and maintains a Buy rating on the stock, with a lowered price target of $38.
SunEdison (NYSE:SUNE): Piper Jaffray upgraded SunEdison to Overweight from Neutral, based on expectations that solar demand will be robust in both 2014 and 2015; the firm raised its price target for shares to $17 from $6.
Investing Insights: Will Kellogg Stock Move Higher?