Cheerios maker General Mills tops quarterly estimates on higher product prices

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Go back to Cheerios maker General Mills tops quarterly estimates on higher product prices

General Mills (GIS) PT Raised to $72 at BofA Securities, 'No rolling over'

March 21, 2024 6:13 AM EDT

BofA Securities analyst Bryan Spillane raised the price target on General Mills (NYSE: GIS) to $72.00 (from $68.00) while maintaining a Neutral rating.

The analyst comments "General Mills (GIS) reported 3Q24 earnings ahead of Street expectations on both sales and operating margin. Coming... More

General Mills (GIS) PT Raised to $70 at Deutsche Bank

March 21, 2024 5:36 AM EDT

Deutsche Bank analyst Steve Powers raised the price target on General Mills (NYSE: GIS) to $70.00 (from $68.00) while maintaining a Hold rating.

The analyst comments "GIS beat fiscal 3Q expectations ($1.17 EPS vs. Street $1.05) driven by (i) better-than-anticipated North America Retail (modest increase in... More

Morgan Stanley on General Mills (GIS) Following Earnings: 'We expect a positive share price reaction'

March 20, 2024 1:21 PM EDT

Morgan Stanley analyst Pamela Kaufman reiterated an Underweight rating and $58.00 price target on General Mills (NYSE: GIS).

The analyst comments "We expect a positive share price reaction to GISs Q3 results and reaffirmed FY24 guidance. GIS reported better than expected Q3 EPS of $1.17 vs. MSe/ consensus ($1.00/$1.05) driven by a 3% revenue beat vs. the Street and lower SG&A spend, that offset weaker than expected gross margins. Lower interest expense added $0.01 and a... More