GIS - General Mills Has Limited Upside Amid Consumer Value Seeking and Soft Pet Segment Performance: Analyst | Benzinga
Mizuho Securities analyst John Baumgartner reiterated a Neutral rating on the shares of General Mills Inc (NYSE: GIS) and lowered the price target from $70 to $65.
Q2 FY24 adjusted EPS of $1.25 beat the street's $1.16 estimate.
The outlook for H2 was reduced given slower volume recovery, continued softness at Pet, and consumer behavior uncertainty, writes the analyst.
U.S. consumers continue to display stronger-than-anticipated value seeking behaviors in the store while away-from-home spending habits remain ...