WK Kellogg Stock Drops After Bank of America Turns Bearish on It

Kellogg's stock was recently down 2.5% to $15.72 after the bank's analysts cut their rating on the stock to "underperform" from "neutral" and their price target to $17 from $24. Kellogg's "value creation story lies in meaningful 2026 margin expansion which now seems less assured," the analysts wrote. Do you have a news tip for Investopedia reporters? Please email us at Shares of Rice Krispies and Special K maker WK Kellogg (KLG) slipped Wednesday after Bank of America Securities put a bearish rating on the ...