Goldman Sachs Downgrades General Mills (GIS) to Sell
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 4/26/2024
- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Alphabet (GOOGL) soars 16% on Q1 results beat, first-ever dividend
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil settles higher as weak U.S. economic growth offset by supply concerns
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- Union Pacific beats profit estimates on stronger pricing, resumes share buyback
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hertz Global (HTZ) misses earnings expectations as fleet costs weigh
- Teladoc (TDOC) Misses Q1 EPS by 3c, offers outlook
- After-hours movers: Alphabet, Microsoft, Snap, Intel, and more
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
Goldman Cuts General Mills (GIS) to Sell; Lack of Innovation to Hit Key Cereal Segment
January 11, 2013 12:06 PM ESTGeneral Mills (NYSE: GIS) is seeing some pressure today after Goldman Sachs slapped a Sell rating on the stock, cutting its 12-month price target from $42 down to $40.
As reported earlier, Goldman thinks General Mills has a product-cycle issue with its U.S. retail portfolio that appears overextended. The U.S. portfolio is comprised 23 percent by cereal, 20 percent by Meals, 18 percent by Pillsbury, 14... More
