WK Kellogg Faces Grim Outlook: BofA Analyst Downgrades Stock Amid Persistent Volume Challenges
WK Kellogg Faces Grim Outlook: BofA Analyst Downgrades Stock Amid Persistent Volume Challenges
BofA Securities analyst Peter Galbo downgraded the shares of WK Kellogg Co (NYSE:KLG) from Neutral to Underperform and lowered the price target from $24 to $17.
BofA Securities的分析师彼得·加尔博将Wk Kellogg股票（NYSE:KLG）的评级从中立下调至跑输大盘，同时将目标价从24美元下调至17美元。
Volume trends in the packaged food industry have yet to show any meaningful improvement despite the hopes that lapping SNAP (supplemental nutrition assistance program) and a more promotional environment would lead to a volume lift, said the analyst.
分析师表示，尽管希望期望超过补贴营养援助计划和更多宣传的环境将导致成交量提升，但包装食品行业的成交量走势尚未显示任何实质性改善。
Commentary and results from main competitor in U.S. Cereal General Mills Inc (NYSE:GIS) was not constructive with its Cereal business down -4% YoY in its May quarter end, noted the analyst.
分析师指出，同行业主要竞争对手美国麦片公司（NYSE:GIS）的评论和业绩未给KLG带来建设性的影响。该公司5月季度末的麦片业务同比下降了4%。
The analyst expects industry trends to remain sluggish for KLG over the next 12 months unless a more full scale promotional/price investment reset is contemplated.
分析师认为，除非考虑重新进行更全面的促销/价格投资重置，否则KLG未来12个月的行业趋势将保持低迷。
WK Kellogg expects flat sales growth through 2026, outpacing expected category low-single digits declines. However, Nielsen scanner trends have remained soft with negative sales growth and share losses persisting, said the analyst.
Wk Kellogg预计在2026年之前销售额将保持平稳增长，超过预期的类别低个位数下降。然而，根据尼尔森扫描仪的趋势，销售额负增长和份额损失持续存在。该分析师表示，缺乏吸引力的成交量恢复可能会导致KLG不得不更加注重其利润和损益表，从而短期内限制较大的利润扩张以帮助稳定成交量。
According to the analyst, lackluster volume recovery could lead KLG to have to reinvest more heavily into its P&L, which will stunt margin expansion in the short run to help stabilize volumes.
分析师表示，麦片类别已经面临了持久的成交量压力，而在短期内，他并不认为有任何有意义的改善途径。
The cereal category has seen prolonged volume pressure and the analyst does not see a path for meaningful improvement over the near term.
KLG的股票交易价格为15.83美元，已较上次检查时下跌1.80美元。
Price Action: KLG shares are trading lower by 1.80% at $15.83 at last check Wednesday.
价格走势：KLG股票周三最后一次检查时下跌1.80％，为15.83美元。