Barclays lowered the firm’s price target on General Mills (GIS) to $68 from $74 and keeps an Equal Weight rating on the shares. While General Mills is seeing sequential improvement in its competitiveness, the company also acknowledged that the volume recovery is taking longer and costing more, the analyst tells investors in a research note.
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Read More on GIS:
- General Mills price target lowered to $64 from $75 at TD Cowen
- General Mills price target lowered to $68 from $72 at Deutsche Bank
- General Mills price target lowered to $78 from $82 at Stifel
- General Mills price target lowered to $68 from $69 at Bernstein
- General Mills Reports Strong Q2 Earnings and Positive Outlook
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