Loading...
Loading...
Jefferies reiterates its Hold rating on General Mills
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in