Deutsche Bank warms up to the prospects that the Pringles buy can bring to Kellogg (K) with an...

|About: Kellogg Company (K)|By:, SA News Editor

Deutsche Bank warms up to the prospects that the Pringles buy can bring to Kellogg (K) with an upgrade to a Buy rating and an improved price target of $57. Analysts with the firm say that although Pringles will require investment spending with modest cash charges, they see see global snacks as "compelling" and eventually helping increase the company's long-term revenue and profit.