Goldman Sachs Downgrades General Mills (GIS) to Sell

May 29, 2019 4:27 AM EDT
Get Alerts GIS Hot Sheet
Price: $82.97 +0.23%

Rating Summary:
    8 Buy, 17 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 5 | New: 0
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Goldman Sachs analyst Jason English downgraded General Mills (NYSE: GIS) from Neutral to Sell with a price target of $41.00 (from $42.00).

  • Tells clients to fade the optimism before deceleration concerns build.
  • Sees limited upside.
  • Believes recent investor enthusiasm is due to the "sanguine outlook" for the Blue Buffalo pet food brand.

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 $51.09 yesterday.

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