Barclays Maintains an 'Overweight' on General Mills (GIS); Green (Giant) Shoots?
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Price: $39.61 -0.95%
Rating Summary:
6 Buy, 20 Hold, 5 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
6 Buy, 20 Hold, 5 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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Barclays maintains an 'Overweight' on General Mills (NYSE: GIS) price target raised from $40 to $43.
Barclays analyst says, "We certainly understand and appreciate the difficult operating environment facing the Packaged Food group these days, a theme that was repeated seemingly endlessly at our recent Back to School conference. And, perhaps this is just our glass half full attitude showing through, but we took note of a few more positive incremental datapoints from the GIS fiscal 1Q12 conference call -- which could have implications for the food group as a whole and are the first positive indications we've heard in several quarters."
"So, this is admittedly a forward looking thought process for us, and the group still trades as a healthy premium to the market as a whole, but perhaps we are starting to see some Green (though not Giant) shoots for the group emerging. We'll stay tuned."
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 $38.44 yesterday.
Barclays analyst says, "We certainly understand and appreciate the difficult operating environment facing the Packaged Food group these days, a theme that was repeated seemingly endlessly at our recent Back to School conference. And, perhaps this is just our glass half full attitude showing through, but we took note of a few more positive incremental datapoints from the GIS fiscal 1Q12 conference call -- which could have implications for the food group as a whole and are the first positive indications we've heard in several quarters."
"So, this is admittedly a forward looking thought process for us, and the group still trades as a healthy premium to the market as a whole, but perhaps we are starting to see some Green (though not Giant) shoots for the group emerging. We'll stay tuned."
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 $38.44 yesterday.
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