Kellogg’s 2013 Estimates Raised by Citigroup (K)

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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 Dividend.com 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 .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Stocks

Referenced Stocks: K

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