Evercore ISI analyst David S. Palmer reiterated an In Line rating and $72.00 price target on General Mills (NYSE: GIS)

The analyst comments "Expecting a slow start to a stable year. We are maintaining our F1Q EPS estimate of $1.06 (-3% YoY; cons. $1.05) with our scanner data analysis (see Figures 1 and 2) implying a 2% decline in North American Retail (NAR) segment organic sales (cons. -3%). For FY25, we continue to model flat total company organic sales growth with a 1% operating profit decline, which is below the trailing 5-year average of 5% and 6%, respectively."

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Shares of General Mills closed at $73.12 yesterday.