Goldman Sachs Downgrades General Mills (GIS) to Neutral
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Price: $69.09 --0%
Rating Summary:
7 Buy, 21 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 10 | Down: 17 | New: 16
Rating Summary:
7 Buy, 21 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 10 | Down: 17 | New: 16
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Goldman Sachs downgraded General Mills (NYSE: GIS) from Conviction Buy to Neutral with a price target of $42 (down from $43).
The firm said "center store packaged food volumes have disappointed in the last 3 months and firm-specific challenges in categories such as yogurt are compounding this weakness."
The firm's FY2012E/2013E/2014E moves to $2.53/$2.71/$2.91 from $2.54/$2.75/$2.96
For an analyst ratings summary and ratings history on General Mills click here. For more ratings news on General Mills click here.
Shares of General Mills closed at $38.58 yesterday.
The firm said "center store packaged food volumes have disappointed in the last 3 months and firm-specific challenges in categories such as yogurt are compounding this weakness."
The firm's FY2012E/2013E/2014E moves to $2.53/$2.71/$2.91 from $2.54/$2.75/$2.96
For an analyst ratings summary and ratings history on General Mills click here. For more ratings news on General Mills click here.
Shares of General Mills closed at $38.58 yesterday.
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