Kellogg has been raising prices like other food companies to manage inflation, but analysts say major retailers may put a stop to the hikes to keep prices low
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Kellogg Co., like many other food companies, has steadily raised prices to manage increased costs and inflation, but UBS analysts are concerned that the food company will soon face opposition to price hikes from major retailers.
UBS downgraded Kellogg K shares to neutral from buy and cut its price target to $74 from $81.
“Kellogg’s stock…
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