General Mills (GIS) slides despite topping consensus estimates
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Go back to General Mills (GIS) slides despite topping consensus estimates
December 20, 2022 11:38 AM EST
CFRA downgraded General Mills (NYSE: GIS) from Hold to Sell with a price target of $74.00 (from $80.00).
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 $87.12 yesterday.
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December 20, 2022 9:15 AM EST
By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Tuesday, December 20th. Please refresh for updates.
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December 20, 2022 8:46 AM EST
Morgan Stanley analyst Pamela Kaufman raised the price target on General Mills (NYSE: GIS) to $73.00 (from $71.00) while maintaining a Overweight rating.... More
December 20, 2022 7:02 AM EST
General Mills (NYSE: GIS) reported Q2 EPS of $1.10, $0.04 better than the analyst estimate of $1.06. Revenue for the quarter came in at $5.2 billion versus the consensus estimate of $5.18 billion.
GUIDANCE:
Fiscal 2023 Outlook
General Mills continues to expect the largest factors impacting its performance in fiscal 2023 will be the economic health of consumers, the inflationary cost environment, and the frequency and severity of disruptions in the supply chain. Relative to its previous outlook, the company now expects to generate stronger organic net sales growth through better volume... More
