Evercore ISI Group Maintains In-Line Rating for General Mills: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Evercore ISI Group has maintained its In-Line rating for General Mills (NYSE:GIS) but lowered its price target from $75.00 to $72.00. General Mills' shares are currently trading up 0.63% at $65.88. The new price target suggests a potential upside of 9.29% from the current price. General Mills is a major packaged food company with a significant portion of its revenue coming from the United States.

December 11, 2023 | 5:00 pm
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Evercore ISI Group maintains an In-Line rating for General Mills and lowers the price target to $72, indicating a potential 9.29% increase from the current price.
The maintenance of an In-Line rating suggests that Evercore ISI Group believes General Mills is performing as expected relative to the market or its sector. The reduction in the price target, however, may indicate a slightly more conservative outlook on the company's future performance. This could be due to a variety of factors such as market conditions, company performance, or sector trends. The potential upside of 9.29% is positive, but the lowering of the price target could be seen as a negative signal, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100