General Mills (GIS) PT Raised to $63 at Jefferies Ahead of Earnings

Jefferies analyst Rob Dickerson raised the price target on General Mills (NYSE: GIS) to $63.00 (from $59.00) while maintaining a Hold rating ahead of reports Q3’21 results this Wednesday.

The analyst stated "Given still-strong F’Q2 U.S. retail trends, cost offsets, foodservice tailwinds, and healthy cash positioning, we’re bumping our PT to $63 off improved valuation assumptions. Stock just not “value” enough for us to be more constructive."

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