WK Kellogg surges on report of a sweet deal with Ferrero
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Shares of WK Kellogg's KLG.N rise 53.1% to $26.89 in premarket trading
Ferrero is nearing a $3 billion deal to acquire cereal maker WK Kellogg, a source told Reuters
Ferrero could finalize the deal as soon as this week, according to a report by the Wall Street Journal on Wednesday
Avg recommendation by nine brokerages covering the stock is "Hold"; median PT is $17 - data compiled by LSEG
Shares down ~2.7% YTD
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