Jefferies Starts General Mills (GIS) at Hold
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Price: $49.36 +0.47%
Rating Summary:
3 Buy, 5 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Rating Summary:
3 Buy, 5 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Trade GIS Now!
Jefferies initiates coverage on General Mills (NYSE: GIS) with a Hold rating and $40 price target.
The firm said, "We see GIS as a good operator with good domestic brands, a strong cost saving culture, successful innovation, and good management. However, we are missing a catalyst for better growth. The U.S. is already well penetrated, the international exposure is limited, and the pending international Yoplait acquisition will not be a transformational event."
For more ratings news on General Mills click here and for the rating history of General Mills click here.
Shares of General Mills closed at $38.28 yesterday, with a 52 week range of $33.11-$40.00.
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The firm said, "We see GIS as a good operator with good domestic brands, a strong cost saving culture, successful innovation, and good management. However, we are missing a catalyst for better growth. The U.S. is already well penetrated, the international exposure is limited, and the pending international Yoplait acquisition will not be a transformational event."
For more ratings news on General Mills click here and for the rating history of General Mills click here.
Shares of General Mills closed at $38.28 yesterday, with a 52 week range of $33.11-$40.00.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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