Exane BNP Paribas Downgrades General Mills to Neutral, Announces $72 Price Target
Portfolio Pulse from Benzinga Newsdesk
Exane BNP Paribas analyst Max Gumport has downgraded General Mills (NYSE:GIS) from Outperform to Neutral and set a price target of $72.
September 05, 2023 | 11:00 am
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General Mills has been downgraded from Outperform to Neutral by Exane BNP Paribas, with a new price target of $72.
The downgrade from Outperform to Neutral by a well-known analyst could potentially lead to a negative sentiment among investors, which may put downward pressure on the stock price in the short term. The new price target of $72, however, suggests that the analyst still sees some upside potential.
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IMPORTANCE 80
RELEVANCE 100