General Mills Gears Up For Q2 Print; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
General Mills, Inc. (NYSE:GIS) is expected to report Q2 fiscal 2024 earnings of $1.16 per share, up from $1.1 the previous year, with revenue estimates at $5.36 billion. The company has made leadership changes, appointing Jon Nudi as Group President, Pet and International. GIS shares rose 1.7% to $66.34 recently. Analysts have adjusted their price targets: Piper Sandler to $76, Evercore ISI Group to $72, Mizuho to $70, Morgan Stanley to $58, and TD Cowen initiated coverage with a target of $70.
December 19, 2023 | 6:03 pm
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POSITIVE IMPACT
General Mills is anticipated to report improved earnings, has undergone leadership changes, and experienced a recent stock price increase. Analysts have revised price targets with varying opinions.
The anticipation of higher earnings typically has a positive effect on stock price. The recent leadership changes could be viewed positively if investors believe in the potential for strategic improvements. However, the mixed analyst ratings and price target adjustments indicate uncertainty, which could temper the stock's movement.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100