BMO Capital Reiterates Outperform Rating, $43 PT on General Mills
In a report published earlier today, BMO Capital Markets reiterated its Outperform rating and $43.00 price target on General Mills, Inc. (NYSE: GIS).
In the report, BMO Capital stated, “With the exception of Greek yogurt, GIS continues to gain momentum across many of its categories by 1) capturing first mover advantages (e.g., glutenfree, focus on Hispanic consumers, whole grains); 2) supporting its core brands with industry-high ad spending; 3) solid pipeline of new products; and 4) distribution gains in alternative channels.”
Shares of General Mills were trading at $39.15 at the time of posting, up 1.29 percent from Tuesday's market close.
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