Stifel lowered the firm’s price target on General Mills (GIS) to $78 from $82 and keeps a Buy rating on the shares. General Mills reported Q2 EPS “well ahead of the consensus estimate” on favorable inventory phasing, mostly related to holiday timing, which is expected to reverse in the second half of the year, the analyst tells investors. Incorporating a greater degree of investment to continue its market share progress and its return to sustainable growth, the company lowered its FY25 outlook, notes the firm, which now estimates EPS of $4.44, down 8c from its previous estimate.
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