B of A Securities Maintains Neutral on General Mills, Lowers Price Target to $68
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Bryan Spillane has maintained a Neutral rating on General Mills (NYSE:GIS) but has lowered the price target from $72 to $68.
December 21, 2023 | 4:39 pm
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NEGATIVE IMPACT
General Mills' price target has been reduced from $72 to $68 by B of A Securities, although the stock maintains a Neutral rating.
The reduction in price target by an analyst can be seen as a negative sentiment towards the company's stock price potential, which may lead to a short-term negative impact on the stock price. However, since the rating remains Neutral, the impact might be moderate rather than severe.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100