Barclays lowered the firm’s price target on General Mills (GIS) to $68 from $74 and keeps an Equal Weight rating on the shares. While General Mills is seeing sequential improvement in its competitiveness, the company also acknowledged that the volume recovery is taking longer and costing more, the analyst tells investors in a research note.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GIS:
- General Mills price target lowered to $64 from $75 at TD Cowen
- General Mills price target lowered to $68 from $72 at Deutsche Bank
- General Mills price target lowered to $78 from $82 at Stifel
- General Mills price target lowered to $68 from $69 at Bernstein
- General Mills Reports Strong Q2 Earnings and Positive Outlook