Market Overview

UPDATE: Goldman Sachs Reiterates Neutral Rating, Lowers PT on General Mills

Related GIS
3 Small Caps With Revenues Rising In The Double Digits
Market Wrap For April 4: Dow Suffers Triple Digit Point Loss, Nasdaq Continues To Underperform
Is That Cheerio's Coupon Worth Your Legal Rights? (Fox Business)

In a report published Monday, the Goldman Sachs Group reiterated its Neutral rating on General Mills (NYSE: GIS), but slightly lowered its price target from $42.00 to $41.00.

Goldman Sachs noted, “Given recent moves in the grain complex and softer volume performance in Nielsen measured channels, we lower our FY2013/FY2014 EPS to $2.62/$2.89 from $2.65/$2.92 and introduce our FY15 estimate of $3.11. As a result of the estimate revisions, we lower our 12-month, P/E- and EV/EBITDA-based price target to $41 from $42.”

General Mills closed on Friday at $38.63.

Posted-In: Goldman Sachs GroupAnalyst Color Price Target Analyst Ratings

 

Most Popular

Related Articles (GIS)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free