Thursday, April 08, 2010

Limited outlook for Kellogg

Commenting on the financial performance of cereal companies is not always a useful endeavor, but in light of the current economy and the shifting cereal marketplace it seems to be more relevant right now. Recently I reported on successes at General Mills. But, the future may not be as bright for Kellogg. An analyst with BMO Capital Markets has downgraded Kellogg's stock, foreseeing limited growth from core brands, fewer new products, limited growth with Wal-Mart, and increased competition from Post. Of course, these are mere projections, but they are indicators of some of the challenges cereal companies are facing right now.

Source: BusinessWeek

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