Morgan Stanley Sees Path To In-Line F2015 Guidance For General Mills
In a report published Monday, Morgan Stanley analyst Matthew Grainger reiterated an Underweight rating and $51.00 price target on General Mills (NYSE: GIS).
In the report, Morgan Stanley noted, “We can see a path for GIS to provide in-line (i.e., +7-9%) initial F15 EPS guidance, but believe US sales weakness presents risk to this outlook as the year unfolds. With valuation elevated and low likelihood of significant catalysts, we remain UW.”
General Mills closed on Friday at $54.64.
Latest Ratings for GIS
|Jul 2016||Morgan Stanley||Maintains||Equalweight|
|Jun 2016||Goldman Sachs||Maintains||Sell|
|Jun 2016||Bank of America||Upgrades||Underperform||Neutral|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.