Brokerage Firm Rating Update on General Mills (GIS)

General Mills (GIS) has an average broker rating of 2.67, which is interpreted as a Hold, as rated by 12 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 8 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell. 1 considers that the stock is a Sell.

General Mills (GIS) stock is expected to deviate a maximum of $3.86 from the average target price of $68.89 for the short term period. 9 Street Experts have initiated coverage on the stock with the most promising target being $75 and the most muted being $65.

General

Company shares have received an average consensus rating of Hold for the current week Also, Equity analysts at the Brokerage firm Morgan Stanley maintains its rating on General Mills (NYSE:GIS). The rating major has initiated the coverage with equalweight rating on the shares. The Analysts at Morgan Stanley raises the price target from $63 per share to $66 per share. The rating by the firm was issued on July 14, 2016.

General Mills (NYSE:GIS): stock was range-bound between the intraday low of $67.61 and the intraday high of $70.64 after having opened at $70.45 on Wednesdays session. The stock finally closed in the red at $70.45, a loss of -4.30%. The stock remained in the red for the whole trading day. The total traded volume was 6,769,878 shares. The stock failed to cross $70.64 in Wednesdays trading. The stocks closing price on Thursday was $70.9.

General Mills, Inc. is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is also a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company is organized into three operating segments: U.S. Retail, International, and Convenience Stores and Foodservice. The Company offers a range of food products with a focus on five categories: ready-to-eat cereal; convenient meals, including meal kits, ethnic meals, pizza, soup, side dish mixes, frozen breakfast and frozen entrees; snacks, including grain, fruit and savory snacks, nutrition bars and frozen hot snacks; yogurt, and super-premium ice cream. The Companys other product categories include baking mixes and ingredients; refrigerated and frozen dough, and frozen and shelf-stable vegetables. The Company has 50% interests in two joint ventures that manufacture and market food products.

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