Kellogg could face pushback from major retailers like Walmart over price hikes

Kellogg could face pushback from major retailers like Walmart over price hikes

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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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