Market Overview

UPDATE: Jefferies Cuts PT to $41 on General Mills on Muted Outlook

Share:
Related GIS
Analysts Respond To General Mills' Mixed Q1
Yogurt Sales Trends Are Souring For General Mills
General Mills: Still Too Expensive (Seeking Alpha)

Jefferies reiterates its Hold rating on General Mills (NYSE: GIS) and reduces its price target from $41 to $40.

Jefferies notes, "GIS reported adj. 4Q12 EPS of $0.60, 2 cents better than we expected. FY13 adj. EPS guidance forecasts only about 4% growth, as the company is facing a higher tax rate and pension contributions. That being said, some of GIS' businesses are still facing major challenges and even though management laid out its restructuring and innovation plans in detail today, we remain cautious about the health of the company's overall U.S. business."

GIS closed at $37.55 on Wednesday.

Latest Ratings for GIS

DateFirmActionFromTo
Sep 2016UBSMaintainsNeutral
Sep 2016Consumer EdgeDowngradesNeutralUnderperform
Jul 2016Morgan StanleyMaintainsEqual-weight

View More Analyst Ratings for GIS
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Reiteration Intraday Update Analyst Ratings

 

Related Articles (GIS)

View Comments and Join the Discussion!