Evercore ISI Group Maintains In-Line on General Mills, Lowers Price Target to $72
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst David Palmer has maintained an In-Line rating on General Mills (NYSE:GIS) but has lowered the price target from $75 to $72.

December 11, 2023 | 4:50 pm
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NEUTRAL IMPACT
Evercore ISI Group has maintained its In-Line rating on General Mills but reduced the price target from $75 to $72, indicating a potential limited upside or that the stock is fairly valued at current levels.
The adjustment in price target by Evercore ISI Group suggests a modest change in the expected performance of General Mills' stock. While the In-Line rating indicates no significant change in the company's outlook, the reduction in price target could imply a slight bearish sentiment or a recalibration of valuation metrics by the analyst. However, since the rating was not downgraded, the impact is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100