Wk Kellogg Co (KLG)

Shares of WK Kellogg Co. (KLG) dropped by 8.16% from $10.78 to $9.90 in the trading on Monday, October 16, 2023. The reason why KLG stock down is due to reduction in the price target by analyst Peter Galbo from Bank of America Securities. Galbo assigned a Hold rating to WK Kellogg Co. and set a price target of $11.50, which is notably below the stock's recent price of $13.80 per share just two weeks ago. This lower price target from an analyst contributed to the negative sentiment surrounding KLG stock on that trading day.