Jefferies Starts General Mills (GIS) at Hold
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Price: $37.58 -1.03%
Rating Summary:
6 Buy, 20 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 18 | New: 50
Rating Summary:
6 Buy, 20 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 18 | New: 50
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Jefferies initiates coverage on General Mills (NYSE: GIS) with a Hold rating and $40 price target.
The firm said, "We see GIS as a good operator with good domestic brands, a strong cost saving culture, successful innovation, and good management. However, we are missing a catalyst for better growth. The U.S. is already well penetrated, the international exposure is limited, and the pending international Yoplait acquisition will not be a transformational event."
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 $38.28 yesterday.
The firm said, "We see GIS as a good operator with good domestic brands, a strong cost saving culture, successful innovation, and good management. However, we are missing a catalyst for better growth. The U.S. is already well penetrated, the international exposure is limited, and the pending international Yoplait acquisition will not be a transformational event."
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 $38.28 yesterday.
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