RBC Capital Maintains Sector Perform on General Mills, Lowers Price Target to $72
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Nik Modi has maintained a 'Sector Perform' rating on General Mills (NYSE:GIS) but has reduced the price target from $74 to $72.
December 21, 2023 | 2:58 pm
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RBC Capital has maintained a 'Sector Perform' rating on General Mills but lowered the price target from $74 to $72, indicating a potential limited upside or downside.
The maintenance of a 'Sector Perform' rating suggests that RBC Capital believes General Mills will perform in line with the sector, indicating no significant short-term movement. However, the reduction in the price target could imply a slightly more conservative view on the stock's valuation, which may temper investor expectations and could lead to a neutral impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100