General Mills cuts profit forecast as freight, commodity costs weigh
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March 22, 2018 7:56 AM EDT
BofA/Merrill Lynch lowered its price target on General Mills (NYSE: GIS) to $49.00 (from $57.00) while maintaining a Neutral rating following the company's 3Q earnings report. Analyst Bryan Spillane believes that results and guidance were disappointing despite organic sales growth being largely in-line with our... More
March 22, 2018 7:21 AM EDT
Barclays lowered its price target on General Mills (NYSE: GIS) to $48.00 (from $55.00) while maintaining a Equalweight rating following the company's 3Q.
Barclays lowered 2018 EPS estimates from $3.21 to $3.12, based on the higher commodity and supply chain costs. Barclays continues to look for... More
March 22, 2018 7:06 AM EDT
Deutsche Bank lowered its price target on General Mills (NYSE: GIS) to $49.00 (from $55.00) while maintaining a Hold rating following the company's 3Q earnings report. General Mills reported Q3 net sales growth of 2.3%, 30 bps ahead of consensus, driven by y/y sales growth in... More
March 21, 2018 7:35 AM EDT
Kellogg (NYSE: K) traded lower pre-market in sympathy with peer General Mills (NYSE: GIS) after General Mills reported Q3 results.
General Mills declined 6.8% and Kellogg traded lower by 1.5%
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